Column 1 Column 2 0 DJ Clean Teq's Correction Likely Short Lived -- Market Talk 1
Column 1 0 20 Mar 2018 09:48:22
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Column 1 0 2248 GMT - Shares in cobalt miner Clean Teq Holdings rose strongly in 2017 but have found this year to be a bit of a heavy slog so far. Still, Morgans is encouraged by technical analysis showing the stock's correction from its January 2018 high has lost momentum over the past month. "The moving average convergence divergence indicator has crossed from oversold territory suggesting that the price is likely to bounce in the near term," Morgans says. Although Clean Teq ended trading on Monday at A$1.25, Morgans thinks a reenergized rally could see it rise as high as A$1.50. ([email protected]; @dwinningWSJ)
(END) Dow Jones Newswires
March 19, 2018 18:48 ET (22:48 GMT)
$13.20 Valuation, page-447
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Last
40.0¢ |
Change
0.010(2.56%) |
Mkt cap ! $36.09M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 7800 | 37.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 40.5¢ | 235 | 1 |
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