What is Happening to Sigma Pharmaceuticals Ltd’s Share price?

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:

Sigma Chart

Source: STEX

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

Join Markets and Money on Google+

Terence Duffy is an analyst and chartist, specialising in researching economic trends and cycles.  His primary focus is housing and land affordability. But you can also depend on him to offer his unique analysis of stock market charts. As Terence will show you, the charts often forecast, well in advance, the good or bad news to come — which he details in Cycles, Trends and Forecasts.

Leave a Reply

Your email address will not be published. Required fields are marked *

Markets & Money