In November last year, SEK reaffirmed guidance for 2015, expecting strong domestic online employment business as well as solid growth internationally.
SEK’s positive structural growth story being continues to be complemented by domestic cyclical momentum.
The recent ANZ jobs ads numbers were supportive, with the widely-watched series rising 1.3% in January, and now 10% higher than they were a year ago.
The bank said the more stable trend figure has now been going up for 15 months.
Whilst the above is all good news, SEK is reporting on 17 February and this trade will be a play on those numbers.
The graphic below shows that SEK typically rallies into and out of its reporting date.
The blue line shows the average outperformance by SEK of the ASX 200 in the 30 days pre- and post-earnings.
The statistical analysis if performed over the last 18 reporting events.
Technically, SEK stacks up as well.
There is an overarching bullish structure in place and although there appears to be stubborn resistance through $18.50, a strong result should see this region cleared.
Using the reporting date as a catalyst, we're targeting a move into $20.
The post Share to Buy – Seek Limited (SEK) appeared first on The Best Shares to Buy.
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