Austal Limited (ASX:ASB)
- Consensus target at $1.41
- Oversold after profit downgrade. Positive momentum and price action.
Downer EDI Limited (ASX:DOW)
- High risk, stock is already expensive.
- Breaking an inverse head and shoulders implies upside to $5.
Adelaide Brighton Limited (ASX:ABC)
- Consensus target at $4.91
- Vulnerable to a disappointing result in August. Momentum starting to drop off.
Mirvac Group (ASX:MGR)
- Consensus target at $2.07
- Looking overbought and hitting resistance.
REA Group Limited (ASX:REA)
- Consensus target at $54.88
- Vulnerable to a disappointing result in August. Looking overbought on the chart.
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Michael Gable is an Authorised Representative (No. 376892) and Fairmont Equities Pty Ltd is a Corporate Authorised Representative (No. 444397) of Novus Capital Limited (AFS Licence No. 238168).
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About Fairmont Equities
Fairmont Equities is a share advisory firm assisting Private Clients with the professional management of their share portfolio. We are based in the Sydney CBD but provide services to private clients across Australia. As a firm, we strive to provide our clients with the best possible service while targeting goals of capital protection and portfolio returns. At Fairmont Equities, we believe that the concepts of fundamental analysis and technical analysis of stocks are not mutually exclusive. Regardless of whether you are a trader or long term investor, combining both methods is crucial to success. As a result, the unique analysis of Fairmont Equities is featured regularly in the media.
REA Group Limited
Downer EDI Limited
Adelaide Brighton Limited