Daily Murmur 29/11/10

by Gary Glover

Nufarm looks interesting today, has bounced off the key support at $4.22, this was the previous high so this is ideal level to find support.  UBS upgraded it to a buy this morning so that looks good for a small run.
QBE has moved to a new low last week and has not slid away.  This could be a false break to the low and a fast move upwards is possible here.  A close above 16.50 would be viewed as a strong sign today.


Gary Glover is an Authorised Representative (Rep No. 259215) of Novus Capital Limited ("Novus"). Novus is a holder of Australian Financial Services Licence No 238 168. Novus, its directors, officers, associates and employees each declare that they, from time to time, may hold interests in financial products and/or earn brokerage, commission, fees or other benefits from financial products mentioned in this e-mail or attached documents. Unless specifically stated within this page or an attached document, any information communicated by this e-mail constitutes unsolicited general financial product advice which has been compiled without regard to any investor's individual objectives, financial situation or needs. It is not specific advice for any particular investor. Before making any decision about the information provided, you need to consider the appropriateness of this information having regard to your individual objectives, financial situation and needs and consult your adviser. Any indicative information and assumptions used here are summarised and also may change without notice to you, particularly if based on past performance or relate to a future matter.

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