#CARD Factory – anticipates FY adj. PBT “slightly ahead of analyst consensus”
- 2017-01-26 00:54:12
I wrote on Card Factory (CARD) in August with the shares then at around 300p – concluding I could understand the share price decline and to avoid. The following updates with the shares currently at 260p on the back of a third quarter trading update…
A trading update for the six months ended 31st July 2016 from Card Factory (CARD) notes “we remain as convinced as ever of the strong growth prospects for the business”, though describes a trading performance “lower than our normal levels”. Hmmm...
On the daily chart of Card Factory it can be seen how one can draw a rising trend channel from as long ago as the this time last year.
Anyone looking for what seems to be a high quality up trending situation would apparently not need to venture further than the daily chart of Card Factory at the moment.
Shareholders of Card Factory )CARD) have been fortunate in recent months in being backed by a relatively consistent bull run for the shares, one which has dominated the daily chart timeframe over the post summer 2014 period.









