Accent Group (AX1) – Gross margin the driver… Lovisa (LOV) – UK gaining momentum, USA full rollout… Noni B (NBL) – Sales up, profit flat, but on the way… Wesfarmers (WES) – Bunnings solid…
Large cap Resources leading
The All Ordinaries index was up 0.2% for the week, ending 15 February 2018. The index ended the week 0.8% above its 200 DMA, consolidating the previous week’s move above the 200 DMA, with one minor test of the moving average on Monday.
Of the 474 stocks currently comprising the index, 260 of these (55%) ended the week above their respective 100 DMAs, up from 230 (48%) names at the end of last week. Two hundred sixty-five stocks were up for the week, while 209 ended the week flat or down. Two hundred and sixteen shares finished the week within 20% of their 52-week highs, with 76 of those within 5% of highs.
Daily notes – Praemium, Bapcor, Domain, Breville, Treasury Wines
Praemium (PPS) – Not enough growth… Bapcor (BAP) – Challenging economic conditions but no change to strategy… Domain (DHG) – Space for number two?.. Breville (BRG) – More products into more markets… Treasury Wines (TWE) – Asia strong…
Read moreDaily notes – Praemium, Bapcor, Domain, Breville, Treasury Wines
Trading Diary – 14 Feb 2019
This week, we finally resumed our investment program. The index has recovered strongly following the drawdown experienced in October, November and December of last year and our trend signals have now given us the green light. We made our retreat from the market in October and November and missed out on a large portion of … Read more
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Banks trying to bounce
The All Ordinaries index was up 3.4% for the week, ending 8 February 2018. The index ended the week 0.6% above its 200 DMA, finishing the week above the 200 DMA for the first time since October 2018.
Of the 476 stocks currently comprising the index, 230 of these (48%) ended the week above their respective 100 DMAs, up from 198 (42%) names at the end of last week. Two hundred eighty-seven stocks were up for the week, while 189 ended the week flat or down. Two hundred and six shares finished the week within 20% of their 52-week highs, with 65 of those within 5% of highs.