Shares in Avon Rubber (AVON) are currently down approaching 4% back below 1000p on the back of an announcement including that, having only joined in December 2015, CEO Rob Rennie “has stepped down… with immediate effect”. A cause for concern?...
It could be argued that the birth of the great bull run at Avon Rubber was the summer of 2012 with a golden cross buy signal between the 50 day and 200 day moving averages.
On the face shares of Avon Rubber (AVON) are in a mature bull situation, where we are late to the party. However, as many of us are aware even in current rather cynical markets where profits are not kept on the table for long, here are momentum share price moves which do have the ability to outrun expectations.
The IMS today from Avon Rubber (AVON) was mixed. Even paid for cheerleader, sorry independent research provider Edison admits to as much in a note just out.
Avon Rubber produces a range of rubber products largely for the defence and dairy markets.









