We’ve discussed NXL a number of times this month but yesterday it finally caught my eye for the right reasons rallying +5% to be the markets 2nd best performer even as the old CFO and family members are charged with insider trading. The stock opened on its lows and drove up all day on solid volume, a great technical signal that both the bad news and EOFY tax selling are behind us. This is a high risk trade we’re now interested in for the Flagship Growth Portfolio.
MM likes NXL around $2.50
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