BHP Shares On Edge of Technical Breakdown, As Momentum Shifts
BHP shares (ASX:BHP) pulled back further on Friday, sliding to the edge of a technical bear market as a drop in copper prices and a decisive break below a key long-term moving average rattled confidence. The BHP share price closed down 3.64% at A$55.05, extending a pullback that now stands at 19.95% from the highs…
Why Did Temple & Webster Shares Just Add 33%?
Temple & Webster shares (ASX: TPW) put up one of its strongest gains on record after management reaffirmed ambitious full-year earnings guidance at its AGM, some welcome relief for holders in what has otherwise been a painful year. The TPW share price closed the week at A$5.43, a 33.4% gain on the day that continues…
Zip Co Shares Hit Hard Into The Weekend: What Happened?
Zip Co shares (ASX: ZIP) are coming off their worst day on record, after a coordinated external fraud attack in the United States inflated bad debts and dragged quarterly earnings well below expectations. Heading into the weekend at the foot of the ASX leaderboard with a loss of 29.47%, it’s staggering to think that it…
CBA Closing On BHP For Market Cap Crown: Both Shares At Key Technical Levels
Commonwealth Bank of Australia shares (ASX: CBA) were one of the better performers on the ASX today, pushing the company within A$5.43 billion of BHP Group at the top of the ASX by market cap. With a rotation out of mining stocks and into financials, what was a huge lead at the top of the…
ASX 200 Snaps Three-Week Win Streak, As Materials & Financials Move In Different Directions
The ASX 200 held on to a razor-thin gain on Friday of 2 points, although the session was anything but calm underneath. It was one of the more dramatic days of rotation seen in recent months, as a broad overnight commodities sell-off forced capital rapidly out of growth and resource names and into the safety…
Santos Shares Takes a Breath Following Record Quarter
Santos shares (ASX: STO) fell 1.29% on Thursday following the release of a landmark September quarter report that combined record production, surging revenue, and the successful launch of two major growth projects. With energy peers such as Woodside, and Beach Energy down 3.5%, and 3.12% respectively, and the XEJ off by 2.42% on the day,…
Codan Rally Hits Pause, as Shares Slide Into Correction Territory: The Latest
It has been a huge year for Codan shares (ASX:CDA), yet the rally has hit a speed bump of late, with the share price pulling back 17.5% over the past 13 sessions. This has dragged the ASX 200’s top performer back below the A$60 level as we head towards the final couple of months of…
ASX Ltd Shares Add 21% in Weeks, Sitting Among Most Overbought
ASX Ltd shares (ASX: ASX) continued to push to new 52-week highs on Thursday, capping a five-week run that has seen the stock add 21%. The move comes as strong full-year financials, and the resolution of a long-running regulatory overhang help alleviate some of the early year pressure on the stock. The ASX share price…
Tuas Shares Bounce Off Lows: Is Momentum Shifting?
Tuas shares (ASX:TUA) are showing some signs of a potential momentum reversal, adding 6.32% on Thursday to close at A$1.85 and reclaiming a near term moving average in the process. This comes in a year that has been defined by regulatory turmoil, a collapsed billion-dollar acquisition, and a removal from the ASX 200 index. The…
Nick Scali Shares Hit Lowest Level In Years: Here’s Why
Nick Scali shares (ASX: NCK) fell more than 15% on Thursday, one of the worst days in memory, as the company issued a first-half guidance update that fell well short of expectations. There is mounting pressure on discretionary retailers, and particularly those exposed to Australia’s prolonged housing market downturn. The Nick Scali share price gapped…
