The barometer of the sector for Aussie investors is PDN
Comparing a bar chart of all the "better" U stocks including PDN and EXT, we see that they all have a very similar pattern after the Fukushima incident.
However ... the standout is PDN!! Today it has broken out of this indecisive range these U stocks have been trading in after the huge falls and the subsequent minor recovery.
PDN's strength today is a barometer ... the change of sentiment is underway! ... Remember that a huge proportion if PDN trading involves institutional buyers/sellers ... so this is an indication that the large end of the market is buying U stocks again
The rest will follow .... I am hugely positive for the likes of BMN, ACB, UNX etc
BMN Price at posting:
46.0¢ Sentiment: LT Buy Disclosure: Held
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