##{"id":59605,"date":"2012-03-06T12:12:26","date_gmt":"2012-03-06T01:12:26","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/03\/06\/icarus-signal-new-entries-for-today-cochlear\/"},"modified":"2012-03-06T12:12:26","modified_gmt":"2012-03-06T01:12:26","slug":"icarus-signal-new-entries-for-today-cochlear","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/03\/06\/icarus-signal-new-entries-for-today-cochlear\/","title":{"rendered":"Icarus Signal New Entries For Today: Cochlear"},"content":{"rendered":"

\n\tDaily update on share prices and consensus price targets.<\/p>\n

\n\tBy Rudi Filapek-Vandyck<\/span><\/p>\n

\n\tCochlear ((COH<\/span>)) has remained on many an investors' radar since the company had to announce a recall of its top product, with the main question being asked whether the subsequent drop in share price has created a buying opportunity, or not?<\/p>\n

\n\tThe jury's still out on that one and it probably very much depends on what price level we're adding to the question. Since peaking above $80 (before recall announcement) Cochlear shares have traded close to $45 and as high as $64. In recent sessions weakness has started to kick in which, in Icarus<\/span> terms, has pushed the share price back under the consensus price target, currently at $59.81.<\/p>\n

\n\tIt looks like the shares are finding it increasingly difficult to withstand gravity when trading above the target, even when that target is merely the result of very polarised<\/span> market views on the outlook for Australia's pride in international healthcare.<\/p>\n

\n\t\"\"<\/p>\n

\n\tOver at RBS<\/span> Morgans<\/span>, technical chartists have come to a different view. They believe that Cochlear shares have been merely setting themselves up for another rally towards the $64 price mark. RBS<\/span> Morgans<\/span> believes buying support is located around $57 and today's mild rise in the share price seems to vindicate this view. In addition, momentum indicators are approaching oversold territory, and the chartists believe this points to a likely bounce in the short-term.<\/p>\n

\n\tThe chartists believe Cochlear shares are aiming for $63 in the weeks ahead. They do advise traders willing to play the opportunity should set a strict stop loss just below $57.23.<\/p>\n

\n\t\"\"<\/p>\n

\n\tCochlear has joined the likes of Tox<\/span> Free Solutions ((TOX<\/span>)), Mastermyne<\/span> ((MYE<\/span>)), Super Retail Group ((SUL<\/span>)) and Cabcharge<\/span> ((CAB)) in a group of 28 stocks which are trading within 3% of their consensus price target. Another 47 stocks are trading above target, including Maverick Drilling and Exploration ((MAD)), Matrix Composites and Engineering ((MCE<\/span>)), Talent 2 ((TWO)) and Tishman<\/span> Speyer<\/span> Office Fund ((TSO<\/span>)).<\/p>\n

\n\tInvestors should note Cochlear has a long tradition of trading above target for extended periods of time and there's no indication as such this is going to change anytime soon.<\/p>\n

\n\tInvestors should consider the information and data are provided for research purposes only.<\/p>\n

\n\tStocks <3% Below Consensus<\/h2>\n\n\n\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n\t\t\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\t\t\tCurrent Price($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Target($)<\/th>\n\n\t\t\t\t\t\t\t\tDifference(%)<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\t\t\tANN<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 14.86<\/td>\n\n\t\t\t\t\t\t\t\t$ 15.25<\/td>\n\n\t\t\t\t\t\t\t\t2.65%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\tCAB<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 5.73<\/td>\n\n\t\t\t\t\t\t\t\t$ 5.90<\/td>\n\n\t\t\t\t\t\t\t\t2.97%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\tCIF<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.14<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.15<\/td>\n\n\t\t\t\t\t\t\t\t1.32%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\tHDF<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 2.18<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.24<\/td>\n\n\t\t\t\t\t\t\t\t2.75%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\t\t\tIRE<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 7.18<\/td>\n\n\t\t\t\t\t\t\t\t$ 7.39<\/td>\n\n\t\t\t\t\t\t\t\t2.88%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t6<\/td>\n\n\t\t\t\t\t\t\t\tJHX<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 7.30<\/td>\n\n\t\t\t\t\t\t\t\t$ 7.41<\/td>\n\n\t\t\t\t\t\t\t\t1.49%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t7<\/td>\n\n\t\t\t\t\t\t\t\tMIN<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 13.10<\/td>\n\n\t\t\t\t\t\t\t\t$ 13.47<\/td>\n\n\t\t\t\t\t\t\t\t2.79%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t8<\/td>\n\n\t\t\t\t\t\t\t\tMYE<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 2.52<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.54<\/td>\n\n\t\t\t\t\t\t\t\t0.79%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t9<\/td>\n\n\t\t\t\t\t\t\t\tSUL<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 7.18<\/td>\n\n\t\t\t\t\t\t\t\t$ 7.34<\/td>\n\n\t\t\t\t\t\t\t\t2.27%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t10<\/td>\n\n\t\t\t\t\t\t\t\tTOX<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 2.68<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.68<\/td>\n\n\t\t\t\t\t\t\t\t0.11%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t11<\/td>\n\n\t\t\t\t\t\t\t\tWOR<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 28.68<\/td>\n\n\t\t\t\t\t\t\t\t$ 29.00<\/td>\n\n\t\t\t\t\t\t\t\t1.11%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t12<\/td>\n\n\t\t\t\t\t\t\t\tWTF<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 4.46<\/td>\n\n\t\t\t\t\t\t\t\t$ 4.52<\/td>\n\n\t\t\t\t\t\t\t\t1.43%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\tStocks Above Consensus<\/h2>\n\n\n\n
\n\n\n\n\n\n\n\n\n\n
\n\t\t\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\t\t\tCurrent Price($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Target($)<\/th>\n\n\t\t\t\t\t\t\t\tDifference(%)<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\t\t\tAPA<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 4.94<\/td>\n\n\t\t\t\t\t\t\t\t$ 4.85<\/td>\n\n\t\t\t\t\t\t\t\t– 1.82%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\tMAD<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.80<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.76<\/td>\n\n\t\t\t\t\t\t\t\t– 4.40%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\tMCE<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 3.37<\/td>\n\n\t\t\t\t\t\t\t\t$ 3.33<\/td>\n\n\t\t\t\t\t\t\t\t– 1.19%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\tTSO<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.91<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.91<\/td>\n\n\t\t\t\t\t\t\t\t– 0.55%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\t\t\tTWO<\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.51<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.48<\/td>\n\n\t\t\t\t\t\t\t\t– 4.95%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\tTop 50 Stocks Furthest from Consensus<\/h2>\n\n\n\n
\n\n\n\n\n\n\n\n\n\n
\n\t\t\t\t\t\t\t\tOrder<\/th>\n\n\t\t\t\t\t\t\t\tSymbol<\/th>\n\n\t\t\t\t\t\t\t\tCurrent Price($)<\/th>\n\n\t\t\t\t\t\t\t\tConsensus Target($)<\/th>\n\n\t\t\t\t\t\t\t\tDifference(%)<\/th>\n<\/tr>\n<\/thead>\n
\n\t\t\t\t\t\t\t\t1<\/td>\n\n\t\t\t\t\t\t\t\tHZN<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.31<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.47<\/td>\n\n\t\t\t\t\t\t\t\t54.10%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t2<\/td>\n\n\t\t\t\t\t\t\t\tKGL<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.44<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.34<\/td>\n\n\t\t\t\t\t\t\t\t62.50%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t3<\/td>\n\n\t\t\t\t\t\t\t\tLNC<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.37<\/td>\n\n\t\t\t\t\t\t\t\t$ 2.05<\/td>\n\n\t\t\t\t\t\t\t\t49.64%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t4<\/td>\n\n\t\t\t\t\t\t\t\tSFW<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 0.32<\/td>\n\n\t\t\t\t\t\t\t\t$ 0.47<\/td>\n\n\t\t\t\t\t\t\t\t49.21%<\/td>\n<\/tr>\n
\n\t\t\t\t\t\t\t\t5<\/td>\n\n\t\t\t\t\t\t\t\tWTP<\/span><\/a><\/td>\n\n\t\t\t\t\t\t\t\t$ 1.05<\/td>\n\n\t\t\t\t\t\t\t\t$ 1.63<\/td>\n\n\t\t\t\t\t\t\t\t55.24%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

\n\tTo see the full Icarus<\/span> Signal, please go to this link<\/a><\/p>\n

\n\tTechnical limitations<\/strong><\/p>\n

\n\tIf you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, we apologise<\/span><\/span><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n

\n\tFind out why FNArena<\/span><\/span> subscribers like the service so much: "Your Feedback (Thank You)<\/a>" – Warning this story contains unashamedly positive feedback on the service provided.<\/p>\n","protected":false},"excerpt":{"rendered":"

Daily update on share prices and consensus price targets.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5],"tags":[39],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59605"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=59605"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59605\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=59605"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=59605"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=59605"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}