Got this report in my email this morning.... looks like a $5.50 share price is on the cards ... wouldn't we love to see that !!
Michael Gable, Fairmont Equities
BUY RECOMMENDATIONS
Santos (STO)
Chart: Share price over the year
This energy giant finally broke a downtrend a few weeks ago on high volume. I expect STO to rally higher. In terms of a target, it’s likely to make a move of equal size to the rally from early 2016. That is, we could see it trade towards $5.50. Traders should look to exit if the stock moves back below the downtrend line. The shares were trading at $3.955 on September 14.
STO Price at posting:
$3.93 Sentiment: None Disclosure: Held