Sonic Healthcare – Buy Signal

Sonic Healthcare sold off last week following the company withdrawing their previous earnings guidance.

After the share price correcting more than 30%, we begin to see value near the $22 price level.

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Investors should accumulate at these levels. Traders buy on stop $22.00

 

 

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
· Securities
· Derivatives
· Interest in managed investment schemes; and
· Government debentures, bonds and stocks