Fundamentally its a good business. P/E is a little high but we could be looking an a resistance break in the very near future. My DCF puts this puppy at a +20% upside ($15.28).
Thoughts anyone?
Happy trading - Keyser Soze
Computer Modelling Group (CMG.TO) is counter cyclical to the price of oil (WTI).
CMG appears to have just had a a break through to buying levels as indicated by MACD. In brief, RSI appears at a neutral 50% level.
Implied share price is 15.37 (27% return) - using Gordan Growth .
Suggestion: Hold
