Genesis Energy Limited (GNE.NZX)

23 January 2018

Technical Summary: In many ways the stock of GNE is behaving the way you would expect for a utility 2.7 stock. Over a 5 year period the stock has generally trended upwards as the stock has slowly ground its way higher. The key for buying a stock such as GNE is to not buy when it is overextended. The stock has followed being overextended with either sharp pull backs or periods or consolidation. On that basis the stock is buyable at this juncture and probably can be accumulated by dollar cost averaging.

Solid performance from this utility

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