REH or Reece also took a big hit with earnings. Looks oversold down 20% off its highs so around 30% to recover if it resumes its upward trend.
Earnings headlines didn't look too bad. Analysts were looking for more...
Reece FY Revenue Rose 4% To A$ 6.271 Billion
* FY REVENUE ROSE 4 PERCENT TO A$ 6.271 BILLION
* FINAL DIVIDEND UP 100% TO 12 AU CENTS PER SHARE
* FY NPAT UP 25% TO A$286 MILLION
Earnings headlines didn't look too bad. Analysts were looking for more...
Reece FY Revenue Rose 4% To A$ 6.271 Billion
* FY REVENUE ROSE 4 PERCENT TO A$ 6.271 BILLION
* FINAL DIVIDEND UP 100% TO 12 AU CENTS PER SHARE
* FY NPAT UP 25% TO A$286 MILLION
Note
Reece took a belting. Might be an entry opportunity if the bottom is confirmed.
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.
MY SITES:
FIND TRENDING STOCKS: HigherHighs.com/
FIND AND SET TRAILING STOPS: SuperTrail.io
TRADINGVIEW TIPS: YouTube.com/@zAngus
MY SITES:
FIND TRENDING STOCKS: HigherHighs.com/
FIND AND SET TRAILING STOPS: SuperTrail.io
TRADINGVIEW TIPS: YouTube.com/@zAngus
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.
MY SITES:
FIND TRENDING STOCKS: HigherHighs.com/
FIND AND SET TRAILING STOPS: SuperTrail.io
TRADINGVIEW TIPS: YouTube.com/@zAngus
MY SITES:
FIND TRENDING STOCKS: HigherHighs.com/
FIND AND SET TRAILING STOPS: SuperTrail.io
TRADINGVIEW TIPS: YouTube.com/@zAngus
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.