They be chasing their tail methinks
Those numbers will look stupid in a few months when share price is 160 plus
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They've been chasing their tail for a long time now...like little kittens or should that read pussies ?
HNZ stuck at the very bottom of their bank valuation matrix despite growing at several times the pace of some of the other Australasian banks, go figure...
Current market price: $1.32
Average buy price: $0.655
Average cumulative dividend $0.103 (after tax)
Current total gain: $0.768 (per share)
Best Wishes
Paper Tiger
HNZ's daily price action certainly is encouraging, with increasing awareness a couple of new factors have come into play. Notably volume this past week or so is double its 21d moving average, and money flow in has cranked up. The TA target from the breakout is still $1.38, (the FA's have $1.66), and it's a lot closer and sooner than expected following good news and analysts revising targets upwards. All good, it even looks like blue sky above, but is it?
Attachment 6721
Well not exactly, so zooming out to the monthly view we can see that HNZ is in the 'gap zone' from the breakdown in Dec 2010. The stretch target is to close the gap from the neckline breakout at $0.95 to $2.55, that'd be nice wouldn't it, but don't expect it to go straight there, unless the FA's lose control and euphoria jumps on the pony. :)
Attachment 6722
BAA