Australian Stock Report - Share Tips

Share to buy - Rio Tinto (RIO)

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Publish date: Mon, 22 Feb 2016, 09:53 PM
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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.

Since bottoming out near $38 in December, iron ore has rallied to presently be trading above $48.

  • Overnight, the bulk commodity jumped 3%.
  • The bounce in iron ore, unsurprisingly, has coincided with a bounce in Rio Tinto which has completed a basing pattern and now appears poised to push higher.
  • We are looking for a short-term rally in Rio and active traders can consider being buyers.

The post Share to buy – Rio Tinto (RIO) appeared first on Australian Stock Report.

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