NHC bounced back +8.6% yesterday, its best performance in 11 weeks taking its recent rapid advance to an impressive +21%. The stock is destined to follow the coal price over the coming months but with an estimated 31c fully franked dividend due in October we can see yield-hungry investors start to reconsider the coal stocks after their recent weakness.
- We have a short-term target of $6 for NHC, with it looking likely to reach this objective sooner rather than later.
MM remains long and bullish NHC
Add To Hit List
