On 25th April Clipper Logistics (CLG) updated including “trading for the year to 30 April 2018 is expected to be in line with the board's expectations, with continued growth in revenue, operating profit and net earnings. Results for the year are expected to be announced in July”. They have now been announced – and the shares responded more than 20% lower…
In what are clearly troubled times for the stock market, it would appear to be sensible to veer away from the geopolitical cannon fodder that is commonly referred to as the FTSE 100, and go fo special situations further down the stock market like Clipper Ventures
While it may be wrong to suggest that the daily chart configuration of Clipper Logistics makes for a stock which is easy to make a call on, it can be said that the setup here looks to be relatively straightforward.
Search ShareProphets |
Recent Comments |