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Home / Trade Alert / Sell – BHP Billiton (BLT)

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Sell – BHP Billiton (BLT) - 21 March 2017

Trade Parameters

  • Opening Price: 1313.5p
  • Stop Loss: 1365p (51.5p/3.9% above)
  • Profit Limit: 1240p (48p/5.6% below)
  • Reward vs Risk: 1.4x
  • CFD Margin: 5%

Technical Observations – For

  • 2-month falling highs resistance
  • Stochastics turned down from overbought
  • RSI shows falling highs resistance
  • MACD turning over

Technical Observations – Against

  • MACD & Momentum still positive
  • RSI wasn’t overbought before reversing
  • No point & Figure chart reversal yet
  • ADX trend strength waning

Analyst Comments

BLT shares in a downtrend. Weak USD this week failing to help commodity prices, as a strong GBP (Article 50 clarity, strong UK inflation) weighs more heavily on internationally focused shares. Copper prices struggling again as supply concerns linked to Chilean and Indonesian mine disruption ease.

Consensus is neutral, meaning potential for downgrades and with 77% of broker targets still suggesting upside from current levels these may require reappraisal to get back in-line with ratings.

Next Event: 9-month Ops Review, 26 Apr

Latest Broker 12-Month Consensus:  23% Buy, 58% Hold, 19Sell (full breakdown on request)

Source: DowJones Newswires, Reuters News, Bloomberg  or Company Press releases

Broker Ratings & 12-Month Target Prices (Bloomberg)

4-month (4-hourly) - MACD, Stochastics, RSI, Momentum, Directional Indicators

Share 1wk 1m 3m 6m 1yr 2yr 3yr 4yr 5yr
Perf % 2.9 -6.2 1.5 27.1 58.0 -14.7 -26.8 -33.1 -33.2
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This research is produced by Accendo Markets Limited. Research produced and disseminated by Accendo Markets is classified as non-independent research, and is therefore a marketing communication. This investment research has not been prepared in accordance with legal requirements designed to promote its independence and it is not subject to the prohibition on dealing ahead of the dissemination of investment research. This research does not constitute a personal recommendation or offer to enter into a transaction or an investment, and is produced and distributed for information purposes only.

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