Cordlife Grp (technical)

Cordlife Grp: Technical Buy by UOB Kay Hian with Potential 14.3% return and $0.56 TP. House note that the stock was featured as a technical BUY on 26 Jul 12 and has achieved the target of $0.50 or 9.9% return in the last couple of trading sessions. Currently, prices could be supported by its 20-days moving average and its 20-days MA could cross above its 50-day. MACD indicator looks poised to cross above its centerline. Trailing stops could be placed at below $0.48. House retail research has a fundamental HOLD with a TP of $0.53.