Australian Stock Report - Share Tips
Shares to buy: Downer EDI Limited (DOW)
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Publish date: Tue, 14 Feb 2017, 02:51 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.
Downer’s 1H net profit of $78m beat most forecasts and FY17 net profit guidance was raised 7% – to $175M.
The strong result suggests that the earnings recovery is well underway for Downer, and gaining momentum.
The recent results release saw the stock pop sharply, up to $7.50.
The stock has since retraced to close the gap, finding support in the $6.60 region.
Yesterday’s action saw a buy signal off this support region and that’s our opportunity to consider longs.
Traders can be buyers around current levels, with targets to $7.50.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
