Australian Stock Report - Share Tips

Share to sell: GWA Group (GWA)

share-tips
Publish date: Thu, 05 Jun 2014, 02:55 PM
share-tips
0 1,810
Our stock analysis blog provides information on stocks to watch and helps you figure out which are the best stock to buy. We use fundamental and technical analysis to identify the stocks tips that will supercharge your portfolio. We don't believe in choosing stock tips on rumours or hearsay. Our share tips use fundamental analysis, like price-to-equity ratios, cash flow analysis and net tangible assets, to identify the best share trading opportunities. We then use technical analysis, which is the study of price charts, to determine the best level to buy shares. We believe using the two school of investment analysis allows us the increase the chances of our share tips being successful.

GWA’s result in February missed consensus estimates and guidance was lowered. Cost increases, the A$ and price declines all offset attempted cost savings, so GWA needs to work harder.

Bathrooms & Kitchens saw margin expansion but with 70% of products imported and GWA’s 32% premium pricing to peer product ranges, there are concerns over the company’s structural issues.

Those concerns are reflected in the company's share price, which has fallen from a high around $3.25 in October, to presently be trading around $2.60.

We have a solid bearish structure in place, with the shorter-term EMAs crossed lower and the price action below the longer-term EMA filter, which remains negative.

More recently, the price action has been back to retest and confirm as resistance the $2.70-75 region, an area which previously acted as support on multiple occasions.

 

 

The post Share to sell: GWA Group (GWA) appeared first on Share Tips.

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment