Earnings did not show a pretty picture for AOL, Inc. (NYSE:AOL). The stock is tumbling today after missing profit estimates. While down big on the day, it does not mean AOL, Inc. is a good buy. In the same respect, it does not mean it still has more downside. To determine where it is going, we must look at the chart and find the key support level where reward becomes large while risk is diminished.
When analyzing the chart of AOL, Inc., it is clear the stock has more downside to go before it hits significant support. In fact, if you look at the weekly AOL chart, there was a great bear flag that formed, triggering to this epic collapse today. It is amazing how the charts can predict a move like this in AOL, Inc. Where is the significant support? The first AOL, Inc. level is at $29.45. This is where large institutions start taking note and looking to accumulate.
The City has switched into overdrive, the London Stock Exchange has revealed, with money raised on the Square Mile’s markets almost doubling so far this financial year. The LSE said the total cash raised in the 11 months to the end of February was £28.3bn, compared with £14.8bn in the same period last year. This equates to a 91% increase in the financial year so far, with the number of new fundraisings or stock market floats soaring to 162 from 107. - The Daily Mail
This mass media presentation on the ruski/west stand off over a wee bit of land. That barely anyone has mentioned for decades. It's like wild Bill hickock (maybe lenin) v Jesse James at the Ok caral. Noon. Markets getting the jitters (it will all blow over. With little or no change. ) The dogs ******** comes to mind. BBC get a life and stay reporting something serious like knitting Sunday for a change. I rest my over burdened case. GL. (As I type. )
Got the itchy finger today and added a few. Probably wish I hadn't, since I didn't have access to the idsx and now I see the pattern of offloading is still holding strong. I'm hoping the mm's will be able to continue keep it in this range for the duration. For anybody who thinks technicals on low volumes are relevant to aim shares, the MACD line is about to upwards cross the signal line, whilst we've had hammers two days in succession albeit on decreasing volume.
A potential merger between Dixons and Carphone Warehouse is likely to face an investigation by Britain’s competition authorities, analysts have warned.
The electrical retailers confirmed on Monday that they are in early talks about creating a company that would be worth almost £4bn and have more than 1,200 shops in the UK.
However, Freddie George, analyst at Cantor Fitzgerald, warned that any merger is likely to be referred to the Competition Commission “in view of the convergence of the technologies and the service dominance of the two businesses even though there is limited overlap in the categories”.
If the companies do agree a merger then the tie-up could be the first major deal to be explored by Britain’s Competition & Markets Authority, which is replacing the Office of Fair Trading and the Competition Commission in April.
Critics have complained that the existing system for examining deals is too slow. A deal between drinks makers AG Barr and Britvic was scuppered last year after the OFT referred the tie-up to the Competition Commission.
Shares in Dixons rose by 2pc on Tuesday as investors continued to digest the potential merger, while Carphone Warehouse shares slid 1.5pc.
Mr George said: “Synergies will arise from better buying terms from suppliers and head office cost reduction but we see less opportunity for property savings.”
Kate Calvert, analyst at Investec, said the merger is “strategically logical”.
She added: “A merger is strategically logical in our view. Both businesses are industry leaders in their fields and the way technology is developing and converging, both are increasingly looking at connective services as a potentially lucrative revenue stream in the future.
“Dixons has talked about services as a developing revenue stream and Carphone has its Connected World concept and recently announced a collaboration with Samsung Services to open 60 stand-alone experience stores.”
Datafeed and UK data supplied by NBTrader and Digital Look.
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