I'd say not. The sell down appeared to accelerate after the little rally from the fed hike.
RIC has defensive qualities and has rallied while the broader market was in decline, so my best guess is that it is just profit taking and rotation back into higher growth stocks.
The sector and stock looks rosy to me and is quoted a few times in the article below.
http://www.abc.net.au/news/2015-12-18/strong-agristock-performance/7033956?section=wa
Nothing but blue sky, page-28
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Last
$2.79 |
Change
-0.010(0.36%) |
Mkt cap ! $795.8M | |||
| Open | High | Low | Value | Volume |
| $2.84 | $2.84 | $2.77 | $660.5K | 236.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2442 | $2.77 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.79 | 549 | 1 |
View Market Depth
| Last trade - 16.10pm 29/11/2024 (20 minute delay) ? |
| RIC (ASX) Chart |
