My latest buying opportunity right now is IRESS (IRE)

Michael Gable

Fairmont Equities

Each of our last 3 recommendations here on Livewire have clearly outperformed the market, GUD, ARB, and PMV. Combining good fundamentals and strong technicals has seen Fairmont Equities uncover another opportunity for you. This time it is IRESS (IRE). Recent acquisitions and investment initiatives are expected to result in earnings growth from calendar year 2016. We also expect these to exceed the guidance recently provided by the company. The stock is looking attractive as a medium to longer term investment and the chart is telling us that it is time to start buying. Strong support has come in under $9, and bullish action in price and momentum implies upside to $10.50 as the initial target. However if the 3 wave correction from the February high is now over, then IRE could strive to a new high. (VIEW LINK)

1 stock mentioned

Michael Gable
Michael Gable
Managing Director
Fairmont Equities

Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Sign In or Join Free to comment