Super Group (technical)

Super Group: no fundamental news to explain today's 4.3% rise to $1.46. From a technical perspective, the stock recently touched a low of $1.34, representing a whopping 47% decline from the peak of $2.525 in Aug '13. Having recovered and consolidated around the $1.40 level over the past week, the leg up may suggest further rebound action in the stock. The key indicators are turning positive, with RSI peeking out above the neutral 50 level, Stochastics hooking back up, and MACD on a sustained rise.