Cochlear Quality – A Chart Snapshot

Disclaimer

This post is for general information, and is not intended or suitable to be used to replace professional investment advice. I have no shares in Cochlear now.

 

COH Profile

Chart snapshot

About to resume trending?

About to resume trending?

 

TA comment 

The above chart is a weekly one spanning three years. It shows Multiple Moving Averages overlying candlesticks, and features Fibonacci retracements. It shows:

  • The share-price has declined from a high of $82.87 on the 1st February 2013 in a down-trend that only ended in June and July of 2014 with crossing over of the short and medium-term averages.
  • Since then the share price has lifted strongly in an impulsive move higher from $59.15 to $64.65.
  • The short-term averages are rising as they diverge, but the medium-term averages have yet to move much. This could be the start of an uptrend. If so, the 50% Fibonacci retracement level target is at $67.50, and the 61.8% retracement level at $71.

Fundamental metrics (from Commsec)

  • P/E ratio is 33.18
  • Dividend yield = 4%, 30% franked, with pay-out ratio of 108%
  • Debt/ Equity ratio = 47.8%
  • Return on Equity + 37.1%

Possible Investment strategy

Buy at current or lower prices ($64-$65) with a stop/loss position at about $59.

Initial target at $70.

 

 

 

 

 

 

 

 

 

 

 



Categories: Business, Chart Analyses, Trading opinion

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: