HK Land (technical)

HK Land: UOB Kay Hian recommends take profit from previous Technical Buy. House note that sock was featured as a technical BUY on 16 Jul 12 when it opened at US$5.96. The stock closed at US$6.50, exceeding initial target of US$6.40, in the last trading session and has since returned 9.1% on closing prices. Some profits could be taken off the table as its Stochastics indicator is approaching overbought level. Houseinstitutional research has a fundamental SELL with TP of US$5.40