Technical outlook – Technically, Bapcor Limited (BAP, formerly Burson Group Limited) inspiring bull trend which still appears to have further legs to climb higher, mainly supported by the 3-day Relative Strength Index (RSI) lookback. Although, the Moving Average Convergence Divergence (MACD) is slowly adding support as it moves towards the 0.00 axis. If the current pattern continues, (as we believe), then it is foreseeable the bulls will look to the challenge (target) of $7.51.
Company Overview – Bapcor Limited (BAP, formerly Burson Group Limited) is an Australian trade company focusing on the distribution of automotive aftermarket parts. BAP supplies replacement parts and consumables used in the service and repair of vehicles. It also includes the sale of accessories and maintenance products to vehicle owners — former Names: Burson Group Limited (BAP), 07/07/2016.