Seek has been triggered as an Algo Engine buy signal.
With a weak broader equity market backdrop, we’re in no hurry to buy today.
However, should we see Seek trade closer to $18.50 in tomorrow’s session, we’ll revisit the buy-side idea.
Keep this one on your watch list.
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