Winners & Losers

The winner of the week for this week was Novogen (NRT). The stock was up nearly 50 per cent for no particular reason: which also raised an ASX query request. Novogen Limited is listed on the Australian Stock Exchange (ASX) under stock code NRT. The principal activity of the company is in pharmaceutical research and development and manufacturing and marketing of health supplements. You can view their investor website here. The company is in the Pharmaceuticals, Biotechnology & Life Sciences Industry. Check your charts!

The winner of the week this week is Village Life (VLL), whose share price jumped 60 per cent after selling 23 retirement villages to investment group MFS. Note how the volume peeked above the 50 day EMA a week before the major jump last Thursday, which was also supported by a massive increase in volume. The last time the volume for the stock spiked above the 50 day EMA was the fall around May 10. The stock closed the week at 16 cents after traders took profits.

The loser for this week is Geodynamics (GDY), an alternative energy company, which fell to a three-year low after a major setback to its drilling program closing the week at 73 cents. Notice the crossover in EMA's leading to a prolonged down trend for the stock since April when it roke out from trading sideways.

The loser of the week is Transpacific Industries (TPI), with their share price closing 13 per cent lower this week after missing out on the purchase of Brambles' Cleanaway business in Australia and New Zealand. ABN Amro recently put out a hold recommendation for this stock. Transpacific Industries Group Ltd is a leading provider of comprehensive waste and environmental services in Australia, New Zealand and parts of Asia Pacific.

Winner of the week this week was retailer Colorado (CDO), up 29 per cent after a private equity firm bought a 13 per cent stake and threatens to bid for the company. We recently featured a broker recommendation for the Colorado shares from ABN Amro last May. Colarado was also among the top ASX stock picks from ABN Amro for this year in the small caps category.

The loser of the week is Chemeq Limited (CMQ) losing 18 per cent closing the week at 32 cents for no apparent reason. Notice that Chemeq is in a long term downtrend. It is interesting to note that Chemeq was a winner of the week a month ago. The winner of the week was GRD Limited (GRD) rising by 14 per cent to $2.48 on the basis of a positive investor presentation. The stock itself is volatile if you take the time to look at their chart price movement.

IBA Health (IBA) is the loser of this week closing the week at $0.735, down 14.5 per cent. Notice how the stock already had a strong downtrend momentum. IBA Health is listed on the Australian Stock Exchange (ASX) under stock code IBA. Check your charts!

Transfield Services (TSE) is the winner of this week closing the week at $8.17 up 8 per cent on the back of a $372 million dollar US acquisition. If you believe in watching volume and any share price jumps in relation to the days volume you may observe that on Monday Transfield saw a peak in volume above the Moving Average. Then the following three days were volatile, with Friday seeing a spike above the resistance point around $7.85.

IINet (IIN) is the loser for week 22 of 2006 with a 52 per cent loss after coming out of a six week suspension of trading on the Australian Stock Exchange (ASX). IINet closes the week at 80 cents. The company had been suspended from trading on 18 April, citing the need to identify clerical errors in revenue recognition.

Surprise surpise! Nylex (NLX) makes it as the largest gainer on the Australian Stock Exchange (ASX) for week 22 of 2006 closing the week at 5.4 cents. Nylex is up 19 per cent recovering from the 25 per cent fall from last week. Nylex has been the loser of the week for two weeks running: here and here.

Note: The price graph for Nylex has a logarithmic price axis.