A technical look at the stock
rallied from $91.95 in February 2021 to $162.51 in April 2022 and then stayed in a horizontal trading range mostly between $140 and $162 for about eight months . The recent rise above the top of this range signalled a breakout and the start of a new up-leg toward higher targets .
Behaviour indicators including the rising 40-week Moving Average confirm the bullish status. There is good support near $162-164; only a sustained decline below the 40wMA would be negative. Point & Figure measurements provide targets of $200 and $215. The large trading range supports higher targets.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Analysts wary of base metals after China recovery rallyConcerns raised about bullish expectations
Read more »
Chart watch: Key levels to monitor as Canadian insurance stocks begin new uptrendA rise above their previous highs set in 2021-2022 would be extremely bullish
Read more »
Construction contractors gathering for Prince George summit, March 22-23Ex-B.C. Lions all-star Angus Reid keynote speaker for NRCA's inaugural Build the North conference.
Read more »
Letter to the editor: Prince George’s city taxes are much higher than averagePrince George has the second highest tax rate for northern communities with a population greater than 10,000. It is not the snow or the north.
Read more »
Decriminalization 'small step in right direction': Downtown Prince George presidentEoin Foley hoping initiative will yield 'noticeable drop' in downtown property crime.
Read more »
Anti-LGBTQ comments cause stir at Prince George school board meetingPGDTA president calls on school board to stop public comments that criticize gender non-conforming students and staff
Read more »