IEL Daily 9 Feb 2018

Short Term Trade: ASX: IEL

IDP Education Limited (ASX: IEL) put in a buyable gap up signal after the company announced their half-yearly results on Wednesday 7 February.


Technically, this pattern can often lead to 30 – 40% stock price upside (no guarantees of course).

Fundamentally, IDP Education is highly profitable, pays dividends, has low net debt, decent cashflow and bright prospects for the future.

I bought shares for a trade on Wednesday 7 Feb near the close at $6.80 and sold 10% of the holding into the spike on Friday 9 Feb at $7.45 to take a bit of profit off the table.

Will be interesting to see what happens in the days and weeks ahead with this one…

The information provided in this article is intended for general use only. The article is intended to provide educational information only. Please be aware that investing involves the risk of capital loss. The information presented does not take into account the investment objectives, financial situation and advisory needs of any particular person nor does the information provided constitute investment advice. Under no circumstances should investments be based solely on the information herein.


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