Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Northgate (NTG) shares have been a good buy for value. Now they mainly have only price momentum to justify further buying after their eighty per cent rise in price over twelve months. But that looks to me, as though it has gone as high as it should reasonably get at this stage, allowing for a significant healthy correction.
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