Occasionally, and for various reasons, the JSE experiences delays in opening the market for the day’s trading session, however that isn’t the only reason South African traders should consider an offshore account.
Here at Unum Capital, clients have access to various global instruments as well as the ability to invest in an array of businesses and sectors not available via the local exchange.
Today, we flag 4 names that traders could consider within an offshore account:
UnitedHealth Group (UNH) – Long above $425. Stop: $408. Target: $455.
Abbvie Inc (ABBV) – Held the prior breakout level and has been basing above the 200-day SMA. Long on a close above $120. Stop: $107.00. Target: $138.
Sticking with healthcare, we also consider the medical devices sector (IHI is the ETF code). In the sector, see Stryker, $267.58). Long above $265. Stop: $250. Target: $292.
In the consumer space, McDonald’s (MCD, $240.28) has started to signal early momentum. Long above $242. Stop: $228. Target: Open.
Want to trade these names but do not have an offshore account? Get in touch with our trading desk today.
Call: 011 384 2923 or email firstname.lastname@example.org