Monday, June 12, 2017

WILL YOU BUY THESE FOUR STOCKS TRADING AT 52-WEEKS LOW?

Golden Energy, NSL, Raffles Medical Group, Yeo Hiap Seng
There are currently four stocks, of market capitalization of at least $500 million each which are trading at a maximum of 5% from their 52-week stock prices low. While low prices alone do not mean that it is cheap to buy stocks as the stocks themselves might not be fundamentally sound despite having a decent market cap of $500 million each, the debt-to-equity ratio of each of these four companies is also quite decent at less than 5% each. So what are these four stocks? Lets find out below now.
1) Golden Energy and Resources Limited or commonly called GEAR

2) NSL Limited

3) Raffles Medical Group Limited

4) Yeo Hiap Seng Limited

Technically, GEAR stock currently trades at $0.425 and in an oversold region. The stock has recently rebounded off its technical support at $0.405 (reached intra-day) and has marched to a high of $0.465 two days after this reversal. This stock seems highly volatile to me.

NSL stock is consolidating at $1.45 in a neutral RSI zone, well above the 200-days moving average, suggesting some margin of safety. Raffles Medical Group stock at $1.37 per share is just $0.01 above $1.36, a low since Feb 2016. As for Yeo Hiap Seng, the volatility in its stock candlestick is not easy to interpret. Join the emailing list to receive regular Financial and Singapore stocks newsletters too! Like" me on Singapore Stocks Investing Facebook page to receive all posts on your Facebook as well as read more articles. Follow me on Twitter too.

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