IMO QBE will run again on monday based on the momentum from the US financial stocks Friday night. The beauty of QBE's position is that:
1) Although it is a semi-defensive, it is also a financial stock and will IMO follow the trend up on Monday
2) Dividend is coming up this week
3) Sky business channel has hinted on friday that brokers are doing the insurance "swap" out of IAG and into QBE for their clients given recent reports and prospects
4) Was always due for a run and is now reaping the rewards for going sideways for too long
5) Broker upgrades will help QBE in the short to medium term
I think I should switch my car insurance to support these guys!
momentum
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 (20min delay)
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Last
$16.97 |
Change
0.030(0.18%) |
Mkt cap ! $25.49B | |||
| Open | High | Low | Value | Volume |
| $16.76 | $17.16 | $16.76 | $50.37M | 2.945M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4167 | $16.97 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $16.98 | 1101 | 1 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| QBE (ASX) Chart |