Pre-Market
Ticker: LHC, NTC
Yesterday, LHC held it's Capital Markets day and it appears that the market appreciates what was communicated by management. The share ending the day higher by 8% on massive volume.
Hospital shares were previously communicated as a 'value' opportunity (see slide below).
Netcare, similar to Life Healthcare is trading close to multi-month highs, having previously been published as a strategy alert.
Hospitals Shares - A Value Opportunity (Monday, 22 July - Marked In Yellow)
LHC - a buy idea in January of this year - yes, slightly early, but now at 3-year highs (adjusted for dividends).
Previous Post: Friday 23 August
The share has rallied by close to 15% from my previous STRATEGY ALERT.
At current levels, the share is trading in an OVERBOUGHT, which would be an area for short term traders to reduce/trim swing long positions.
This is what the price action data says:
Previous Post (12 July)
Lester Davids
Analyst: Unum Capital
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