Bellway, The Restaurant Group, Legal & General Group, Bovis Homes

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Bellway - crossed a stochastic but been doing that a lot recently.  Near historic lows.  Does tend to trade solidly either up or down over the course of a day.  Buy pressure in queue.  Buy up to £4.50.  Household Goods.

The Restaurant Group - all time low price recently, recent stochastic.  Buy/sell pressure even.  Buy up to £1.12.  (Too cautious?).  Travel & Leisure.

Legal & General Group - another all time low price.  Stochastic cross.  Can gap overnight.  Buy pressure in queue - sells are not realistic.  Could be an early morning surge if no overnight upward price movement.  Buy up to 68p - again too cautious?  Price has passed point at which I could buy.  Wait for it to fall?  With no immediate sellers offers will go up but will there be takers - how many people have shares to sell at this level that would make profit?  Based on recent levels will buy up to 75p.  Life Insurance.

Bovis Homes - all time low 20.10.  Stochastic crossed and scopes on the day.  Buy up to £3.10.  First choice.  Household Goods.

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This page contains a single entry by Stuart published on October 21, 2008 10:08 PM.

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