Appen’s risk is to the upside, not downside
We recently identified Appen (ASX:APX) as an attractive opportunity after coming to the conclusion that the shares, while appearing pricey, still offered value. This was given that: i) The fundamentals remain strong, and ii) There was more upside than downside risk to earnings guidance. Since our charting commentary on 14 April, the shares have rallied over 30%, and since our most recent fundamental analysis on 5 May, they have returned over 16%. So with these sorts of moves in the …
