What is Happening to the Share Price of Catapult Group International Ltd?

Catapault Group
Reddit

What does Catapult Group International Ltd do?

The Catapult Group International Ltd [ASX:CAT] is a global sports analytics company that provides wearable hardware, combined with sophisticated analytical software to give elite sporting organisations and athletes real time data and analytics to monitor and measure performance. Its products have been used by more than 500 sports teams and organisations worldwide.

That’s interesting, but what is the chart telling you?

What is the chart telling you?

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

Catapault Group Int

Source: STEX

Since listing late last year, the general trend has been up. For the last month or so, the stock has been stuck in a sideways pattern. Note; this is in contrast to the general market which has been down over the same period.

What now for CAT shares?

Let the market direct you in this case. If it should break previous tops or lows you have a fair idea of what the future holds for CAT shares. The fact that it has been able to hold a line for the last month might be a sign of strength, but don’t preempt anything, let the market decide for you.

The half yearly report released late February, revealed a 2.6 million net loss for the first half year; however, this was in line with the prospectus expectations. It’s early days yet for this company which just listed December last year; however the early indications are that the business model is satisfactory.

Just one more thing, you have to take into consideration that this stock does trade thinly, so you must apply the appropriate risk management to that.

Use the charts to guide your investment decisions. With a little charting knowledge and appropriate risk management you will maximise your chances of success. Go here to find out more.
Cheers,
Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts

Join The Daily Reckoning on Google+

Reddit

Leave a Reply

Be the First to Comment!

Notify of
avatar
wpDiscuz
Letters will be edited for clarity, punctuation, spelling and length. Abusive or off-topic comments will not be posted. We will not post all comments.
If you would prefer to email the editor, you can do so by sending an email to letters@dailyreckoning.com.au