RE:EXE Top Pick by Tech Analysis on BNN Here's the text from BNN site. Hap Sneddon of Castlemoore shares his top picks: Extendicare, Open Text and UnitedHealth.
EXTENDICARE (EXE.TO 4.26%)
Bought at $9.43 on Nov. 7, 2017.
The company recently reported total revenue — long term care, retirement living, home health and consulting — on a three and six months basis that beat. Net operating income was up 13.0 per cent and 11.9 per cent, and EBITBA was up 9.8 per cent and 8.6 per cent. The recent announcement of the CEO’s pending departure coincided with a technical bottoming process and a good risk-to-reward proposition. First upside target is $8.70 while paying a 6.12 per cent annual monthly pay dividend.
The video also mentions the downtend has been broken, and once 8$ resistance is passed, there is little resistance until 10$.