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Dr David Paul of VectorVest discusses the bullish underlying trend on VectorVest Composite index on Core Finance TV
VectorVest MD Dr. David Paul sheds light on the VectorVest Composite chart, which says the underlying trend line remains bullish and one may re-enter equity markets once the short-term trend gives a green light.
Dr David Paul of VectorVest discusses VectorVest market timing indicator, CWD, MGNS, COA, III and HSTG on Core Finance TV
Dr David Paul, Managing Director VectorVest arrived with the news that since July 19th the VectorVest Market timing indicator has turned positive. This was after just two weeks in bear mode. Stocks discussed include Countryside Properties (CWD), Morgan Sindall (MGNS), Coats Group (COA), 3i Group (III) and Hastings Group (HSTG).
Dr David Paul, MD at VectorVest speaks with host Zak Mir regarding the Buy/Sell Ratio and Market Timing Indicator trending in the wrong direction, thus the word of caution – the markets are on thin ice. However, should the market turn around, David shows us some shares to keep an eye on: Countryside Properties (CSP), Morgan Sindall (MGNS), Coats Group (COA) and more!
Buy Countryside Properties (CSP) – Fundamental & technical indicators point to another advance, says VectorVest
Countryside Properties plc (CSP.L) is a United Kingdom-based housebuilder and regeneration partner, primarily operating in London and the South East of England, and with a presence in the North West of England. Countryside operates through two divisions: Housebuilding and Partnerships. The Company’s Housebuilding division develops medium to larger-scale sites, providing private housing on private land, primarily around London and in the South East of England. The Housebuilding division operates under both the Countryside and Millgate brands. Its Partnerships division is engaged in medium to larger-scale urban regeneration of public sector land delivering private homes. The Partnerships division operates primarily in and around London and in the North West of England. The Company’s regeneration projects are developed in partnerships with public sector landowners, such as local authorities (LAs) and housing associations.
FREE! For free VectorVest analysis on any stock, go to this link here
Neil Woodford of Woodford Investment management is the largest shareholder owing nearly 10% of the company, closely followed by Aviva with 8%. All of the large well known asset management houses have a stake in the company, which has a market capitalization of 1.5 billion pounds.
On VectorVest the share is valued at 488p, while trading at around 341p. This easily meets my criteria that the VectorVest valuation/price should be greater than 1.2.
Earnings potential over a window of three years into the future (RV) is on an excellent 1.58 on a scale between o and 2, while earnings safety (RS) is good at 1.19. This is also graduated on a scale between 0 and 2 as are all metrics on VectorVest. In summary, the fundamental position of the company is in great shape.
The trend and technical position is also in great shape, with a VectorVest calculated Relative Timing (RT) of 1.49, plus the share has been on a Buy recommendation since the start of April 2017.
The chart of CSP is shown below using my normal notation. The VectorVest valuation is the green line study above the price, while earnings per share (EPS) is plotted by the blue line study in the window below the price. Over the last year, EPS has risen by 50% and this is the engine that’s driven the share price advance seen over the last three months. The company’s growth would seem far from over, as VectorVest calculates that earnings growth (GRT) will be 30% over the next year.
On the 26th of May 2017 to the middle of June 2017, the share traded within what eagle-eyed technical analysts refer to as a “flag” formation. Over the last few days, the share would seem to have broken from this very bullish pattern and is attacking the 52 week high. The share is on a BUY and looks highly probable to move upwards from here. Remember, I speak of probabilities and not certainties.
The overall UK market is still within a Confirmed Up signal. While the price of the VectorVest Composite has been rising, its momentum (MTI) and its breadth (Buy/Sell) ratio has been falling. This bearish divergence between the price of the VectorVest UK Composite and its momentum and breadth invariably precedes a turn, although the divergence can carry on for many months.
The Primary Wave has been noisy and is also on a BUY as I write. The advice on the front page of VectorVest suggests caution, and that’s good advice.
I have found the checklist below useful in trading. Its conservative and when I tick all the boxes I get very lucky. Please mold it to your own requirements:
- Value/price>= 1.2
- RV>1.3…The bigger the better
- RS>1 (Note conservative investors may wish to increase this)
- Earnings Growth (GRT) above 15% and rising smoothly
- Share is on a BUY recommendation and breaking new highs
- Market is within a C/UP
- The pointer on the Color Guard is in the green.
Summary. CSP looks highly probable for another advance. The share has a solid fundamental and technical outlook and is worthy of your consideration. The biggest danger to the prognosis would be a deterioration in the overall market direction. The latter needs to be carefully monitored on a day by day basis at this stage in the cycle.
Although this share is suitable for my investment objectives, it may not be suitable for you.
June 29th 2017
Readers can examine trading opportunities on CSP and a host of other similar stocks for a single payment of £5.95. This gives access to the VectorVest Risk Free 5-week trial, where members enjoy unlimited access to VectorVest UK & U.S., plus VectorVest University for on-demand strategies and training. Link here to view.
FREE! For free VectorVest analysis on any stock, go to this link here
On VectorVest a simple search using the Unisearch tool will quickly find shares that are undervalued with good fundamentals that have just issued a Buy recommendation. This will give the active trader a short list of many high probability trading opportunities each week. Traders now have the opportunity to spend five weeks discovering VectorVest’s unique simplicity, automation and independent guidance. Just £5.95 buys a 5 week trial to enable deep exploration, or how the system can assist in smarter trading in as little as 10 minutes a day. Powerful tools. Proven strategies. Unique Perspectives.
Link here for more info and to set up a trial.
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Dr. David Paul, MD of VectorVest UK isn’t comfortable with opening fresh longs at the current levels in the UK and US stock markets. He takes note of the price-Buy/Sell ratio divergence on the VectorVest UK Composite and US Composite indices, while explaining the outlook for the broader markets.
Dr David Paul of VectorVest discusses the uptrend in VectorVest Composite UK index on TipTV, plus the early risers portfolio
Dr David Paul, Managing director of VectorVest says the short-term trend and the underlying trends in the ‘VectorVest Composite UK’ index / London market is up, however, caution is advised as more standard indicators like the weekly MACD are suggesting the trend looks matured. “The weekly MACD shows bearish divergence”, says Dr. Paul. Watch the full segment for more info on this week’s VectorVest Early Risers portfolio picks, including Victoria (VCP.L), 3i Group (III.L), Coats (COA.L), Beximco Pharm (BXP.L) & Plus 500 (PLUS.L) & Dr. Paul’s trade of the day