Carsales has appeared on the ROC radar last night...seems to be a bit shunned for some reason. Big volumes of sales over the last couple of days (average daily volumes is around 800,000, but last two days sold off around 3 million shares a day). Wonder why?
Most technical indicators seem to indicate a buy. ROC below 90, price at the bottom of the bollinger bands etc. Could be an opportunity. Or does the market know something I don't (probably lots). Will have to investigate a little more, but low 10's for this stock seems great value at first look.
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