G8 Education Limited (GEM.ASX)

Genesis Energy Limited (GNE.NZX) | 13/09/2018 | 1 Year, Daily Chart
$2.60
$2.55
Stock finds resistance at
atll time highs before
$2.50
pulling back to 50-day
$2.45
$2.40
$2.35
Buying opportunity
$2.30
as the stock drops and offers
Stock has largely moved sideways
$2.25
over the last year, typical price
action for a utility
$2.20
12/09/2017
10/10/2017
8/11/2017
6/12/2017
9/01/2018
7/02/2018
7/03/2018
9/04/2018
8/05/2018
6/06/2018
4/07/2018
1/08/2018
29/08/2018
Technical Summary: Both the five year and the one year chart of GNE looks exactly how you would expect it to look for a well
2.7
run electricity generator. Over the 5 year chart you see a stock that has generally trended higher, however this has occurred at the
2.5
5 Year Chart
pace you would expect for a generator. This uptrend is barely visable on the one year chart and the stock has mostly trekked
2.3
sideways. By nature we believe that this is the type of stock that you want to buy for the highest possible dividend yield, this is when
2.1
the stock drops in price. Because of the mean reverting nature of the uptrend it is a stock that is generally dangerous to buy on a
1.9
breakout.
1.7
1.5