Cache Logistics Trust (technical)

Cache Logistics Trust: UOB Kay Hian recommends take profit from Technical Buy. The stock was featured as a technical BUY on 3 Jul 12, when it opened at $1.055. Prices have achieved house previous TP of $1.14 with an intraday-high of one tick more in the last couple of trading sessions. The stock has since returned 8.1% on closing prices. Some profits could be taken off the table as its Stochastics indicator could be forming a bearish crossover in the overbought region. House institutional research has a fundamental BUY with TP of $1.25.