What Does Sigma Do?
Sigma Pharmaceuticals Ltd [ASX:SIP] is a leading Australian full line wholesale and distribution business to pharmacies. In addition, Sigma has the largest pharmacy-led network in Australia, with over 1200 branded and independent pharmacies in their network. That includes some of Australia’s best known pharmacy retail brands; Amcal, Amcal Max, Guardian, Pharmasave, Chemist King and Discount Drug Stores.
What Does the Chart Look Like?
When researching a stock, I always find it helpful to bring up a chart. Here’s the monthly chart of SIP:
As you can see, it’s surpassed the highs of 2013 and 2014. The last price sensitive announcement was in December last year.
What’s it telling you? If you can read a chart, it’s telling you plenty. If you are not confident in your ability to read a chart, you can go here to find out more. You owe it to yourself to do so.
What Now for SIP Shares?
One could look for a future positive news announcement coming from this company, suggesting growing revenues etcetera…you’re seeing this now I think.
Research Analyst, Cycles, Trends and Forecasts