What is Happening to AMA Group LTD’s Share Price Lately?

AMA Group
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What’s Happening to the AMA Share Price?

AMA group, which focusses on the automotive aftercare and accessories market, has been nudging higher over the last couple of weeks.

The AMA Group operate a chain of prestige panel repair centres and services workshops for brakes and transmissions. They also manufacture vehicle protection equipment (bull bars) to suit passenger, SUV and light commercial vehicles. They have strong market share in that industry.

The company seems to be building a strong relationship with major insurers, creating more work opportunities. In addition, they’re also expanding via acquisitions, and they’re building a strategic repair management footprint in Melbourne’s east.

What is the chart telling you?

I personally find it helpful to bring up a chart. Here’s the monthly chart of AMA:

AMA Group Share Price

Source: STEX

Panel repairs, bull bars and such may not seem exciting, but if AMA Group are building market share and growing revenues, then that will show on the chart. The key thing to watch would be the minor high from early 2013. If the penny hasn’t dropped, you really do need to learn how to read a chart.

Are AMA Group shares a buy?

We just have to wait and see, because, in fact, the market will tell you if AMA Group is a buy or not. That’s of course, if you can read a chart. Go here to find out how. You owe it to yourself to obtain this skill.
If a significant break of the minor high in early 2013 were to occur, then we could expect some sort of positive news to justify that break.

Cheers,
Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts

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