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Fevertree tipped to bubble its way up to £14

Last month, Zak Mir tipped Fevertree Drinks PLC (LON:FEVR) to hit £12.70 and he now reckons it’s on track for £14 – although he says it might be best to buy on any weakness.

“Probably the best thing if you’re looking to buy into [the stock] is to wait for any dips towards the 50-day moving average,” Mir explains in the latest Proactive Investors Bulletin Board segment.

“£11.50 to £12 is the dip zone with the top of the channel [heading] towards £14. So the message here is while we’re above the 50-day moving average, we’re looking for a £14 target.”

Quick facts: Fevertree Drinks PLC

Price: 2004 GBX

AIM:FEVR
Market: AIM
Market Cap: £2.33 billion
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