IPL – Buy Signal

We’ve been tracking IPL for a turn higher in the short-term momentum indicators. It now appears that buying interest is increasing and we’ve seen the price action find support at $3.00.

QBE – 10% Rally

QBE Insurance Group was discussed in the “opportunities in review” webinar earlier this month. We expressed the view that $12.00 provided support and our bullish call on QBE is now playing out. The stock has rallied from $12.00 to $13.20 and we see further upside to $14.00.

Pro Medicus – Algo Buy Signal

Pro Medicus is under Algo Engine buy conditions and we add this one to our watchlist. With the stock trading on almost 100x PE, it’s expensive even after the share price correction from $38 to $22.

Short covering is likely to occur soon and it’s worth watching the short-term indicators for a reversal higher.

About: Pro Medicus are a leading provider of radiology information systems (RIS), Picture Archiving and Communication Systems (PACS) and advanced visualization solutions across the globe.

Buy range $20.00 – $22.00