I believe the selling to be more technical than fundamental. All I could see in the report was impact of bad weather - which was minimal in the scheme of things.
Technically stock had a recent shooting star at $3.20. Tried again and failed at $3.10, then completed a head and shoulders and broke the 3 month upward trend line on the daily charts at $2.96. My guess is there were a heap profit of stops triggered which exacerbated move downwards. There wasn't huge volume with the move down.
I agree IMD is a fantastic company.
Once the dust settles and it finds a new base, i'll be loading up
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- interim result 2012
I believe the selling to be more technical than fundamental. All...
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Last
$2.11 |
Change
0.080(3.94%) |
Mkt cap ! $1.079B |
Open | High | Low | Value | Volume |
$2.09 | $2.13 | $2.06 | $1.885M | 902.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 65 | $2.10 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$2.11 | 1754 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 1754 | 2.090 |
1 | 1754 | 2.080 |
1 | 1754 | 2.070 |
2 | 4741 | 2.060 |
1 | 1754 | 2.050 |
Price($) | Vol. | No. |
---|---|---|
2.110 | 1754 | 1 |
2.120 | 1754 | 1 |
2.130 | 4265 | 3 |
2.140 | 6343 | 2 |
2.150 | 3218 | 2 |
Last trade - 16.10pm 16/08/2024 (20 minute delay) ? |
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IMD (ASX) Chart |