Pro Medicus – Algo Buy Signal

Posted on | by Leon Hinde

Pro Medicus is under Algo Engine buy conditions and we add this one to our watchlist. With the stock trading on almost 100x PE, it’s expensive even after the share price correction from $38 to $22.

Short covering is likely to occur soon and it’s worth watching the short-term indicators for a reversal higher.

About: Pro Medicus are a leading provider of radiology information systems (RIS), Picture Archiving and Communication Systems (PACS) and advanced visualization solutions across the globe.

Buy range $22.50 – $23.50

Since writing the above post on the 9th of Jan, PME has rallied almost 20%.

The Algo Engine suggests it’s time to take profit. 

 

 

QBE – 20% Rally

Posted on | by Leon Hinde

QBE Insurance Group was discussed in the “opportunities in review” webinar earlier this month. We expressed the view that $12.00 provided support and our bullish call on QBE is now playing out. The stock has rallied from $12.00 to $13.20 and we see further upside to $14.00.

The above text was last updated on the 16th of Dec and QBE has now hit our $14 price target.

 

NIB Holdings – Value Emerging

Posted on | by Leon Hinde

NIB Holdings is under Algo Engine buy conditions and is a current holding in our ASX 100 model portfolio.

With the stock now trading at $6.35, we see value emerging heading into the February earnings result. The company has guided towards 6% EPS growth and now trades on a 4% dividend yield.

Note: We’re mindful of the price gap back to $6.00, but we’re assuming this may not get filled at this stage.