found this guys ... Thought it may be of benefit......
DJ MARKET TALK: Downer Down 3.8%; Near Buy Territory - Traders
0429 GMT [Dow Jones] Downer (DOW.AU) down 3.8% at A$7.05 after extending recent slide from Jan. 12 peak of A$9.44 to 7-month low of A$6.95. Downer has been subject to some
sustained selling from U.S. and domestic funds, which were disappointed by 1H profit on Feb. 25. But with the stock getting back to a 12x forward PE, it's close to a buy, according to some traders. According to Thomson One Analytics, most analysts rate Downer a Buy, with a median price target of A$9.50. On the charts, Downer could bottom near A$7.00 and test resistance near A$7.80 in the next week or two, according to Dow Jones Newswires technical analysis. Steep downtrend line currently offers initial resistance
near A$7.47. ([email protected])
potential long trade, page-19
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Last
$5.88 |
Change
0.010(0.17%) |
Mkt cap ! $3.626B | |||
| Open | High | Low | Value | Volume |
| $5.81 | $5.89 | $5.79 | $977.0K | 166.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 1755 | $5.87 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $5.88 | 2358 | 18 |
View Market Depth
| Last trade - 12.39pm 04/12/2024 (20 minute delay) ? |
| DOW (ASX) Chart |
