Healthscope Limited (HSO.ASX)

5 February 2019

Technical Summary: HSO represents an interesting chart that is largely being driven by corporate action. Specifically this is different takeover situations and rebuttals from the companies board. The consequence of this on the one year chart is a stock that has largely gone sideways but has been punctuated with volatility and some significant gaps in the stock price. For these reasons it is difficult to get a read on a specific trend or mean reversion situation for the stock. For these reasons it might be best to skip past the stock on your charts. This is unless you have a specific view on the takeover situation and
what might happen there.

Stock chart that has been dominated by takeover news

Do You Want Daily Market Insights?

If you’re interested in staying up-to-date with the latest news and analysis on stocks, be sure to sign up to BlackBull Research.

1 Month Free Trial

Access our expert stock market research Free of charge with no obligation

Free 1 Month Free Trial

Unlock this article & access our expert stock market research

ASX, NZX & USD Stock Buy, Hold, Sell recommendations. Model Portfolios. Daily news and more

[pmpro_checkout]