Technical Summary: Mid & Large Caps, as of Friday's close.
The risk is that the share trades toward the lower boundary of the multi-year channel. The technical 'margin of safety' is that the share is trading 53% below it's 200-week simple moving average. By historical measures, this coincides with an appealing reward-to-risk on the buy/long side. Also note the inside bar being printed last week (along with Impala Platinum).
SLM Sanlam & Sanlam vs Top 40 | On an absolute basis, Sanlam is trading just below multi-year highs, however, having traded in a tight range for several weeks. This is a healthy technical development. On a relative basis, the share is trading near 52-week highs versus the broader markets (Top 40 as a proxy). Also note yesterday's elevated volume. This is a...
Update: Strong rally yesterday +12% and +21% since publishing on 23 January. Medpace Holdings, Inc. is a global clinical research organization based in Cincinnati, Ohio, employing approximately 5,400 people. The original idea is attached.
To make this trade, you will need an offshore account. With earnings having been reported, traders have little to no short term single stock 'event risk' on the horizon. The share is in a gradual upward trend with the structure and signal forming part of the re-emerging momentum category. Considering the analyst ratings since it's recent earnings, a number of...
Shionogi & Company, Limited is a Japanese pharmaceutical company best known for developing Crestor. Medical supply and brand name also uses katakana. Shionogi has business roots that date back to 1878, and was incorporated in 1919. Matching structure.
Lennar Corporation is a home construction company based in the Waterford District, an unincorporated area of Miami-Dade County, Florida. As of 2023, the company was the second-largest home construction company in the United States based on the number of homes sold. Possible breakout above $156.
Toll Brothers is a company which designs, builds, markets, sells, and arranges financing for residential and commercial properties in the United States. In 2020, the company was the fifth largest home builder in the United States, based on homebuilding revenue. The company is ranked 411th on the Fortune 500. Bias: Buy/Long High risk as the setup is ahead of earnings.
Naspers is breaking out to a 2 & 1/2 year relative high versus the broader market.
Following a multi-month consolidation, a new trading range is looking to be established. Bias: Buy/Long.
PJSC Sberbank is a Russian majority state-owned banking and financial services company headquartered in Moscow. It was called Sberbank of Russia until 2015. Sberbank has operations in several European nations, primarily post-Soviet countries. By 2022, the bank accounted for about a third of all bank assets in Russia.
Mahindra & Mahindra Limited is an Indian multinational automotive manufacturing corporation headquartered in Mumbai. It was established in 1945 as Mahindra & Mohammed and later renamed Mahindra & Mahindra. Part of the Mahindra Group, M&M is one of the largest vehicle manufacturers by production in India. Bias: Buy/long Strategy: Re-emerging momentum
Telefônica Brasil, trading as Vivo, is a Brazilian telecommunications group, subsidiary of Spanish Telefónica. It was originally formed as part of Telebrás, the state-owned telecom monopoly at the time. In 1998, Telebrás was demerged and privatized. Bias: Buy/Long Strategy: Re-Emerging Momentum.
The Gap, Inc., commonly known as Gap Inc. or Gap, is an American worldwide clothing and accessories retailer. Gap was founded in 1969 by Donald Fisher and Doris F. Fisher and is headquartered in San Francisco, California. The company operates four primary divisions: Gap, Banana Republic, Old Navy, and Athleta. Looking to emerge from a consolidation zone.
Powszechny Zakład Ubezpieczeń Spółka Akcyjna, also known as PZU SA is a publicly traded insurance company, a component of the WIG30 stock market index and Poland's biggest and oldest insurance company. PZU is headquartered in Warsaw and is the largest financial institution in Poland. Emerging from a consolidation zone. Bias: Buy/Long