What is Happening to the Share Price of Greencross Ltd?

What does Greencross Ltd do?

Greencross Ltd [ASX:GXL], is a provider of veterinary services and a pet care retailer. GXL has 115 clinics for veterinary services and 175 pet care retail stores for. 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 weekly chart of GXL:

green cross

Source: STEX

The stock was slightly down today. Breaking lows on the weekly. We could expect news of revenues being adversely impacted and we can see that the trend has changed on this stock.

What now for GXL shares?

News of softer revenues may come for this company. Let’s wait and see

The thing to note is this: you have to find a way to lock in profits. And this chart is a good example. Using the moving averages, is one simple way you can do that.
Use the charts to lock in profits and never let a profit turn into a loss. To learn more on this, get your education started by going here.
Cheers,
Terence Duffy,
Research Analyst, Cycles, Trends and Forecasts

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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.


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