Watch Lend Lease

This story features LENDLEASE GROUP. For more info SHARE ANALYSIS: LLC

By Michael Gable 

Apart from the RBA minutes today, this week is all about company results as we head into the busiest time for this reporting season. In today's report we have had a look at Lend Lease ((LLC)).
 

 

For the last few months, LLC has hit a bit of a ceiling around this $13.60 level. What we like about the recent price action though is the fact that it has consolidated just under it during the last couple of weeks. A stock that consolidates under a high is a positive sign because it is essentially readying itself to burst above it. LLC reports on Friday so that should be the catalyst that we need. If LLC does go through this current resistance level, it could spike towards $14.50 before settling back down. But ultimately, a break of that mid $14 region could see it make the next leg up towards $16.

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Michael Gable is managing Director of  Fairmont Equities (www.fairmontequities.com)

Michael assists investors to achieve their goals by providing advice ranging from short term trading to longer term portfolio management, deals in all ASX listed securities and specialises in covered call writing to help long term investors protect their share portfolios and generate additional income.

Michael is RG146 Accredited and holds the following formal qualifications:

• Bachelor of Engineering, Hons. (University of Sydney) 
• Bachelor of Commerce (University of Sydney) 
• Diploma of Mortgage Lending (Finsia) 
• Diploma of Financial Services [Financial Planning] (Finsia) 
• Completion of ASX Accredited Derivatives Adviser Levels 1 & 2

Disclaimer

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). The information contained in this report is general information only and is copy write to Fairmont Equities. Fairmont Equities reserves all intellectual property rights. This report should not be interpreted as one that provides personal financial or investment advice. Any examples presented are for illustration purposes only. Past performance is not a reliable indicator of future performance. No person, persons or organisation should invest monies or take action on the reliance of the material contained in this report, but instead should satisfy themselves independently (whether by expert advice or others) of the appropriateness of any such action. Fairmont Equities, it directors and/or officers accept no responsibility for the accuracy, completeness or timeliness of the information contained in the report.

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