Icarus Signal New Entries For Today

This story features ANSELL LIMITED. For more info SHARE ANALYSIS: ANN

Daily update on share prices and consensus price targets.

By Rudi Filapek-Vandyck

Prior to the launch of the automated Icarus Signal on the FNArena website, holiday accommodation portal Wotif.com ((WTF)) featured regularly in my warnings about certain stocks looking overly expensive. I was reminded this week as to why exactly that was the case. Wotif.com shares have again been rejected above consensus target, and ongoing weakness seems to be the immediate result. It is for shares such as Wotif.com that the Icarus Signal proves its value, time and time again.

Some technicians amongst the readers will argue Wotif.com shares were rejected at the 60 moving average. I, however, say this is yet another example of Icarus.

In the meantime, a decimated list of stocks trading near target has welcomed two newcomers after yesterday's price action; DWS Advanced Business Solutions ((DWS)) and Ansell ((ANN)). The first one might as well be labelled "perpetual yoyo", the second one has now been gradually making a come-back after having been rejected above target a few weeks ago, and prior to that in May.

With Wotif.com falling out of the list and with Treasure Wine Estates ((TWE)) surging above target (take-over speculation, no doubt) the list of stocks trading near target has remained stable at seven.

Now that TWE has joined the stocks above target, together with accountancy software provider Reckon ((RKN)), there are now 27 stocks trading above target. This includes the likes of Macarthur Coal ((MCC)) for whom corporate interest has announced itself.

Investors should consider the information and data are provided for research purposes only.

Stocks <3% Below Consensus

Order Symbol Current Price($) Consensus Price($) Difference(%) 1 DWS $ 1.43 $ 1.46 2.46% 2 ANN $ 13.92 $ 14.27 2.52%

Stocks Above Consensus

Order Symbol Current Price($) Consensus Price($) Difference(%) 1 TWE $ 3.47 $ 3.47 – 0.09% 2 RKN $ 2.62 $ 2.61 – 0.46%

Top 50 Stocks Furthest from Consensus

Order Symbol Current Price($) Consensus Price($) Difference(%) 1 TXN $ 0.55 $ 1.64 198.18% 2 PPX $ 0.15 $ 0.44 191.33% 3 SLX $ 3.00 $ 8.01 167.00% 4 OTH $ 0.65 $ 1.63 150.77% 5 PGA $ 0.04 $ 0.10 150.00% 6 CVN $ 0.22 $ 0.50 127.27% 7 WEC $ 1.84 $ 4.10 122.83% 8 KGL $ 0.10 $ 0.22 122.22% 9 NCR $ 0.36 $ 0.78 116.67% 10 BTA $ 0.97 $ 1.99 106.22% 11 AVG $ 0.27 $ 0.55 103.70% 12 PBD $ 0.06 $ 0.12 103.39% 13 HSK $ 0.13 $ 0.26 100.00% 14 DTE $ 0.62 $ 1.20 95.12% 15 SMR $ 1.05 $ 2.03 93.33% 16 GRR $ 0.50 $ 0.96 92.60% 17 ACL $ 0.76 $ 1.44 89.47% 18 RES $ 0.74 $ 1.40 89.19% 19 RUL $ 0.34 $ 0.64 88.24% 20 IVA $ 2.35 $ 4.40 87.23% 21 KAR $ 5.21 $ 9.68 85.87% 22 RFX $ 1.25 $ 2.32 85.60% 23 GNS $ 0.27 $ 0.49 83.02% 24 HTA $ 0.07 $ 0.13 80.56% 25 PMP $ 0.55 $ 0.97 76.91% 26 BOL $ 0.30 $ 0.53 76.67% 27 IFN $ 0.38 $ 0.66 76.00% 28 PEM $ 0.63 $ 1.10 74.60% 29 BVA $ 0.15 $ 0.25 72.41% 30 IPD $ 0.67 $ 1.14 70.15% 31 KGD $ 1.51 $ 2.55 69.44% 32 NXS $ 0.30 $ 0.51 69.33% 33 IGR $ 0.50 $ 0.83 67.68% 34 BSL $ 1.24 $ 2.07 66.61% 35 TSM $ 0.70 $ 1.17 66.43% 36 GNM $ 0.34 $ 0.56 63.24% 37 MPO $ 0.78 $ 1.25 61.29% 38 PLA $ 0.39 $ 0.62 61.04% 39 TIS $ 0.59 $ 0.95 61.02% 40 COK $ 0.42 $ 0.66 59.04% 41 PDN $ 2.53 $ 4.02 59.01% 42 HST $ 0.15 $ 0.24 58.67% 43 PAN $ 1.71 $ 2.71 58.30% 44 MAD $ 0.23 $ 0.36 56.52% 45 IAU $ 1.76 $ 2.70 53.41% 46 GBG $ 0.76 $ 1.16 52.37% 47 ESG $ 0.61 $ 0.92 50.82% 48 NFE $ 1.90 $ 2.85 50.00% 49 CIF $ 0.99 $ 1.48 49.80% 50 ROC $ 0.31 $ 0.46 49.35%

To see the full Icarus Signal, please go to this link

Technical limitations

If you are reading this story through a third party distribution channel and you cannot see charts included, we apologise, but technical limitations are to blame.

Find out why FNArena subscribers like the service so much: "Your Feedback (Thank You)" – Warning this story contains unashamedly positive feedback on the service provided.

Click to view our Glossary of Financial Terms