Monday, December 6, 2010

Stock of the Week - Reprise 5: Contact Energy Ltd



Contact Energy Ltd [CEN.NZX] has been a good trading stock over the last couple of years and since I last pointed out that fact in October the stock has put on nearly 50c or around 9%. A pretty good short term return.

From approx $5.70 in October 2010 to be trading at $6.18 at time of writing the stock is fast approaching a ceiling of around $6.25 it has reached several times over the last 2 years or so. (see 2 year chart above)

A second more rarer ceiling of around $6.50 is not far away.

If you have been trading CEN, and you of course will already be watching the stock closely if you are, you should be now deciding if you want to let your luck run or bail out and wait for the next fall in the stock price down to its regular 18 month floor of just above $5.50.

A good opportunity to take some profits off the table and to watchlist it for a buy on the way down,

By on weakness below 6 bucks.

Stock of the Week Series

Pumpkin Patch Ltd
Fisher & Paykel Healthcare Ltd
Sky City Entertainment Group Ltd
Reprise 4: Contact Energy Ltd
Reprise 3: Contact Energy Ltd
Delegats Group Ltd
Reprise 2 : Contact Energy Ltd
Reprise: Contact Energy Ltd
Restaurant Brands
NZ Refining
Ryman Healthcare
Mainfreight Ltd
Fisher & Paykel Healthcare
Xero Ltd
Auckland International Airport
Sky City Entertainment Group
Burger Fuel Worldwide
Michael Hill International
Contact Energy Ltd
The Warehouse Group
Fisher & Paykel Appliances
Reprise: NZ Refining Ltd


Contact Energy @ Share Investor

Origin Energy asset stripping Contact Energy
Stock of the Week - Reprise 4: Contact Energy Ltd
Stock of the Week - Reprise 3: Contact Energy Ltd
Long Term View: Contact Energy Ltd
Stock of the Week: Reprise 2 - Contact Energy
Stock of the Week: Reprise - Contact Energy
Not so fast Davy Boy
Still Watching Contact Energy
Beam me up Davy
Stock of the Week: Contact Energy
MarketWatch: Contact Energy - June 2009
MarketWatch: Contact Energy - Jan 2009
Contact Energy looks bright during dark times
Share Investor's 2009 Stock Picks
Follow the Monopoly Board

Discuss this stock at Share Investor Forum - Register free
Download CEN Company Reports


Recommended Fishpond Reading

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Buy The Intelligent Investor & more @ Fishpond.co.nz

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c Share Investor 2010

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