THE TIPSTER

 
Philip Salter
Follow Philip
WITH Balfour Beatty reporting half-year results on Wednesday, investors will be hard pushed to draw their attention away from the technicals, which don't ooze excitement. The stock appears to be in a lasting downtrend with an RSI level below 30, and the fact that it has penetrated its lower daily Bollinger band only backs up the view that sellers should be eyeing up this stock. Capital Spreads quotes 255.0p-256.4p.

Like the stock market currently, the property market doesn’t seem to have much direction, and this is going to be a big factor for the earnings figures of Savills on Thursday. Not only are people doubtful about the direction of property prices in the short term – with the possibility of a double dip looming – but the recent riots won’t be good news for their future. And to add fuel to the fire, the summer months are well known for being dry when it comes to property buyers. Come Thursday, investors shouldn’t be surprised to see the lasting downtrend continue for the advisory property company. Capital Spreads quotes 323.2p-326.4p.

Since the announcement that Hong Kong tycoon Li Ka-Shing has agreed to buy Northumbrian Water, the shares of Pennon Group have taken a bit of a beating. The fact that it has an interim management statement out on Tuesday should draw a bit of attention to the share price, and although it has been under pressure since dipping below 698p, if it can claw its way back above that level then there is an appealing upside, with levels of 738p in reach, and also great potential for more interest in the sector. Capital Spreads quotes 652.0p-654.3p.