Ramsay Health Care – Rallies 10%

Ramsay Health Care is faced with flat earnings in 2020 and only moderate growth FY21. For patient long-term investors, there’s an income opportunity with defensive low levels of growth.

We see buying support increasing near the $60 level.

The above post is from early August when RHC was trading in the $60 – $62 price range. The stock is now approaching $70 and short-term traders can consider taking profit between $68 – $70.

iShares Global Consumer Staples ETF

iShares Global Consumer Staples is under Algo Engine buy conditions and is a current holding in our iShares ETF model portfolio.

$74 is likely to act as support as we see a defensive rotation as market flows.

The fund aims to provide investors with the performance of the S&P Global 1200 Consumer Staples Sector Index TM, before fees and expenses. The index is designed to measure the performance of global consumer staples companies and may include large-mid or small-capitalization stocks.