THE TIPSTER
IT WAS a tough week for mining stocks, which were hit by the flooding in Australia as well as falling copper prices. Fresnillo was also affected by a dip in silver prices and continued its losses for the week on Friday touching lows of 1,517p. The stock had been on an upward trend since August, when it traded below 1,000p. Spreadex has a rolling spread of 1,545.4p-1,550.6p.
Investors in ARM Holdings have seen share prices consistently perform throughout 2010, and last week’s Consumer Electronics Show suggested that its offerings will be in even more demand this year. Producing chips for companies such as Apple, Sony, and Microsoft, it benefits from working with the big players. Analysts are predicting a continued increase in sales and revenue. Cantor Index offers a June spread of 457.2p-461.4p.
Mothercare issued a profits warning last Thursday which sent its shares crashing nearly 8 per cent to 558p. They did bounce off the lows of 550p – a level which could be used as a buying opportunity if it dips there again. Not only is it an eight-month old support/resistance line, it is also where the 200-day moving average sits, with the 100-day moving average just below at 546p. Spread Co offers a spread on Mothercare of 558.5p-561.4p.
Daily Mail and General Trust has been trending upwards for the past month and is trading near its 52-week high. But the FTSE 250-listed stock could have some more upside yet. Cost cutting operations have helped to boost profits by 17 per cent. Its Relative Strength Index is above 70, which could mean the stock is in a lasting uptrend. Capital Spreads quotes 580.7p-583.3p.