Take a look at GNW from 8/1/2013 to 10/1/2013. In particular it's 10 DMA, 20 DMA, and 50 DMA. Then look at volume and price range from September 9th-13th. Similar to past weeks action. I know prior history does not predict future performance but the charts look similar.
"I know prior history does not predict future performance but the charts look similar."
If I only teach one thing its this, Historical data is the most important T/A tool for future sp performance. You are correct and now we find out a major institution sold GNW shares, why? All three indexes have outperformed Genworth with their best earnings report since 2009. I'm concerned about this st action and have proved a point, at this time after consolidation of stock and earnings/2014 guidance, GNW stock is worth mid $15's to investor's at this point. I think a key was their action plan or lack of to a dividend program for their long suffering shareholders.
Our biggest problem, its a "hold stock" as of now, those who accumulated stock LT have a hold and we don't have any upgrades from analyst community or any new institutional buyers at this point, volume proves my point.
Something strange is going on,my speculation on a buyout by June.
But hey buddy don't worry, the yahoo analyst says its going to $30, they offer no math but optimism trumps financials any day(:-)
Trying to get use to this new windows 8.1, when you get a new bad boy Toshiba Microsoft says, we have one flavor get us to it.
The lack of upside in share price off of last earnings report is a concern. Institutional holding has dropped by about 20 plus million also a concern.
Based on buyout speculation, do you think GNW is prepping itself for buyout or does a bigger player come in with a surprise offer? Secondly does your 18.6+ come from T/A analysis or from what GNW can add to a bigger players bottom line?
On to the dividend or lack of. If there is no dividend does that put a squeeze on GNW's multiple? It's been trading between 13 to 15 times TTM.