Santos Shares At Highest Level In Years. Can The Rally Continue?
Santos shares (ASX: STO) are continuing to stretch their highs this week, adding a further 2.11% to $8.73 today, hitting an intraday, and five year high at $8.81. The move puts the stock at levels not seen this side of 2020, as oil remains above $100, and the company increasingly looks to be valued as…
Codan Shares Close At Session High, As Bulls Eye A$50
Codan shares (ASX: CDA) were the second best performer on the ASX 200 today, adding 7.51% to $48.94 to bring the cumulative YTD gain to 68.64%. Why Are Codan Shares Up? Today is the payment date for Codan’s fully franked 29 cent final dividend, so cash is hitting shareholder accounts just as sentiment around the…
4DMedical Shares Bounce, To Reclaim Key Moving Average
4DMedical shares (ASX: 4DX) rallied 8.58% yesterday to close at A$3.74, reclaiming a key technical level and reigniting interest in the lung imaging software company after a bruising five-month pullback. The 4DX share price reclaimed the 50-day Simple Moving Average (SMA) at A$3.71 on this week, a level that technical traders and analysts will watch…
New Hope Corp Shares Hit Multi-Year High: Here’s Why
New Hope Corp shares (ASX: NHC) managed to buck the trend of a red tape Tuesday, closing up 3.03% at A$6.47 after hitting a new multi year high at A$6.61. With sector peers such as Whitehaven Coal down 1.07% on the day, and Yancoal managing only a marginal gain of 0.16%, here’s a look at…
EQ Resources Shares Hit Decades High: The Latest Look
EQ Resources shares (ASX: EQR) surged to the top of the ASX 200 on Tuesday after signing a binding framework agreement to restart a major U.S. tungsten processing plant, backed by the American Department of War. The EQR share price heads into today’s session off the back of an 11.69% gain to A$0.43 on Tuesday,…
Netwealth Shares Fall To Two-Year Low: The Latest Look
Netwealth shares (ASX: NWL) touched a fresh two-year intraday low of A$18.60 on Tuesday, before recovering marginally to close at A$18.77, a decline of 0.37% on the day. The move extends a punishing year-to-date drawdown of 27.33%, despite the company agreeing to acquire AI automation platform Paradino for up to A$29 million all-in. Tuesday’s weakness…
ASX 200 Moves Negative YTD, As Sobering September Bites
The ASX 200 closed out Tuesday’s session down 0.88% at 8,672.5, a move that pushed the index into the red on the year, down 0.63% YTD. It has been a sobering September for bulls, with the index 4.45% lower on the month, barely halfway through. A toxic mix of decade-high bond yields, a retreating gold…
JB Hi-Fi Shares Bounce off Lows, With Third Straight Positive Close
JB Hi-Fi shares (ASX: JBH) added 2.89% today to A$67.22, with the stock bouncing back from two year lows that followed its mid-August results. Bulls will be hoping that the sub A$65 levels are now a thing of the past, and will be eyeing this as a level to hold. The move reflects some positioning…
Contact Energy Shares Make Fresh 52-Week Low: Bargain or Trap?
Contact Energy shares (ASX: CEN) fell to a new 52-week low at A$6.84 today, before stabilising slightly to close 1.72% lower on the day at A$6.86. The move suggests the market is still repricing CEN for dilution, capital intensity and interest-rate risk, even after a result that should, on paper, have settled the debate. The…
BHP Shares Slip Into Correction Territory, Testing Support
BHP shares (ASX: BHP) have pulled back more than 10% from its August highs after a drop in copper prices, triggered by reports that the White House has stalled a decision on refined copper import tariffs. With copper now generating more than half of BHP’s underlying earnings, the retreat has placed the stock’s near-term trajectory…
