Michelin France

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Compagnie Generale des Etablissements Michelin SCA (Michelin SCA) is a France-based company, which is mainly engaged in the manufacture and distribution of tires for a variety of vehicles.

It recently broke above its €103.00 long term resistance, and is now likely heading to its 161.8% fib extension from 2009 lows. If it stays above €113.20, its bull trend is likely to persist.