Del Monte (technical)

Del Monte: UOB Kay Hian recommends investors take profit from previous technical Buy. The stock was featured as a technical BUY when it opened at $0.78 on 25 Apr 13. It has since returned 19.8% on closing prices, with an intraday high of S$0.94 in the last trading session which is near the initial technical buy target of $0.96. Some profits could be taken off the table should the stock fail to exceed S$0.96. Its 21-day Stochastics is trending in the overbought region.