Which is above the old intra-day high of 16,586 or the old closing high of 16,567. The best we can hope for in the near-term is a consolidation above this support zone.
______________________________
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2019 TradeOnline.ca InvestOnline.ca
Rogers Communications Inc. released Q1 2019 on April 18, 2019. Traders sold-off the stock in reaction to the release. Rogers is now testing the major support zone near the 200-day moving average. Rogers generated substantial cash flow from operating activities of $998 million this quarter, up 13%, and free cash flow of $405 million this quarter, down 8%. I rate the stock a buy and this is a good entry point.
Here is the MD&A for the Q1 2019 release
INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
(unaudited)
Three months ended March 31, 2019 and 2018
______________________________
https://www.crescentpointenergy.com
https://www.crescentpointenergy.com/invest/financial-reports
______________________________
______________________________
Trading above 200-day average with the 50-day trading above the 200-day. It is good to see foreign markets start to participate in the 2019 U.S. rally.
iShares MSCI Emerging Markets ETF
______________________________
Intermediate downtrend, trading below 200 day, trading below 50 day, and 50 day is trading below 200 day. Enjoy your day!
______________________________
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2019 TradeOnline.ca InvestOnline.ca
Ontario Sunshine List: Search the list of 2018 public sector salaries over $100K here
______________________________
Note:This technical analysis is for educational purposes. Please conduct your own analysis or consult a financial advisor before making investment decisions. The author of this article may hold long or short positions in the featured stocks or indexes.
© 2019 TradeOnline.ca InvestOnline.ca