Stock in Focus: D&L Industries Inc. (DNL) – 15 Dec 2023 by Regina Capital Development Corp.
Our Target Price and recommendation for DNL is
Our Target Price and recommendation for DNL is
BLOOM banked today’s trading session, leading the index members with a gain of +3.02% at 9.90.
Shares saw selling pressure build up as the stock failed to breach through its resistance.
Rebounding after plunging below the 6200 level, the index managed to close yesterday’s session with a gain of +1.03% at 6,292.39.
The stock has been plagued by sellers again which drove the indicators deeper into the bearish region.
The PSEi registered gains as investors took note of the better-than-expected CPI print released prior to trading.
AP seems to be acting like a contrarian of the index, as the former is up by +1.08% while the latter is bleeding.
After the three marching soldiers in the prior trading sessions, SM has been on a steep correction in yesterday’s trading day.
The PSEI slumped on the second straight day as investors sealed their gains during the prior rallies.
Our recommendation and 1-year Target Price for this stock is
A tough past few months for DNL as the stock continues to decline to 52w lows.
The stock has seen a strong upward trend, currently on its 4th straight trading day of gains.
The index is now trading at its 50-d MA.
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