Invocare has under performed following their recent earnings report, in which the company indicated flat forward earnings and an increase in capital expenditure.
Technically, a “higher low” formation remains in place and we flag to our readers the strength in today’s price action.
Author: Leon Hinde
Leon has been working in the financial services industry for 18 years in management and advisory roles. Leon has extensive experience in general advice and dealings involving securities and derivative financial products.
PS 146 Securities & Derivatives, ADA 1 & 2 accreditation, Responsible Manager Certificate. Leon is authorised to provide financial product advice and deal with respect to the following financial products:
· Deposit Products
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks