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AMandR Recovery

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sk_1
Super Contributor
Anybody long on Murray & Roberts. Your opinion?
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2 REPLIES 2
Shaun_Siddall
Super Contributor
I prefer Aveng - PE of around 13 vrs. 20 with just as solid order book going forward. MUR more vulnerable as probably over priced IMO.
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Not applicable
mANDr has a descending upper resistance line running from R109.45 on 20071029 to R98.79 on 20080303. Closing price have bounced down OFF this line on three occasions, and seeing as there is a lot of expectation already built into the price, it would be one of my low R entries to get in on a bounce to R97 for a decent little short. If it broke the line, on the other hand, I'd shrug and turn my small R short into a small R long...
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