MA200 is at 2.39 - i.e. technically they are not (yet) in a downtrend!
Thanks for the technicals, BP, not my strong point. For my practical purposes, a stock whose shareprice trends down for several days in a row - is in a downtrend!
Today the sp is $3.55.The 100day EMA is $3.67 so the sp is below that,however it is above the 200 day EMA which is $3.42.
A year ago the sp was $2.60,two years ago the sp was $1.60 and five years ago the sp was 61 cents.
So the sp remains in a very strong long term up trend.
Had I been planning a trip for the last few years to USA I would still be going.Worldwide we are seeing an ageing population,either retired or coming up for retirement.They love to travel,so there are huge tailwinds in this sector.I was underweighted in this sector so I doubled my THL holding recently.I also hold MCK.
I think the Chairman Rob Campbell has the ability to attract a strong board,and THL's management is good too.
I am therefore "well positioned."
Bookmarks