Ex dividend drops .... Medical stocks

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Derek  19 Apr 2018

Morning,

International:
The US took a breather yesterday with small movements, but the East is very strong this morning with Tencent +1.25% and Billiton in Australia +2.74%.

Best Buy Co is still continuing its positive move and did so with a gap yesterday.



Apple is one of the shares that took a breather yesterday, but it is still strong above my trend lines.



JSE Technical:
I showed AVI yesterday, but then it went ex dividend. You always get a drop in a share price when it goes ex dividend, but you get the dividend!

Medi Clinic came out with good results yesterday and is busy making strong moves. It will shortly climb out of its negative Trend Factor.



Netcare has already moved into a yellow trend factor and made a J-curve. Finally better days for the medical sector ahead!



In the resources sector it was Anglo, Billiton and Kumba that drew attention. I show Anglo that made a massive move to take it all the way to resistance. This momentum is so strong that I think resistance will be broken this time.



You must have a great day.
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