Its a no brainer to predict a short term pullback on a share price which has been creating higher highs and higher lows each day for the past couple of weeks.
CSL right now is caught up in a perfect storm; increased revenues, a tanking AU$, an appreciating US$, a ninth share buyback about to kick-in [the loan taken out in the US to fund this buyback is at extraordinary favourable rates] and a just released R&D 110 pager which details a pipeline of products in development some of which are potential blockbusters all to come online within the next couple of years; could go on and on...
Institutions are getting in now; short sellers are just fuelling the fire and meeting a demand for shares in a great global company based in Australia.
To buy more or nor to buy more, page-66
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Last
$271.36 |
Change
-1.090(0.40%) |
Mkt cap ! $131.3B | |||
| Open | High | Low | Value | Volume |
| $272.45 | $275.19 | $271.02 | $308.3M | 1.121M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 5512 | $271.36 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $271.50 | 1202 | 1 |
View Market Depth
| Last trade - 16.10pm 19/11/2024 (20 minute delay) ? |
| CSL (ASX) Chart |