Tuesday, November 27, 2012

Cosco (technical)

Cosco: UOB Kay Hian reiterate technical BUY call with a target price of$1.025. Note that the stock could have formed a bottom afterrebounding from recent low. Prices have also traded above the 12- and 25-day moving averages and a bullish crossovercould have formed at its MACD indicator. Stops could beplaced at below $0.855. House institutional research has a fundamental SELL with a TP of $0.84.

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