How the IAG chart gave us clues to avoid it

IAG reported today and the share price tumbled. At one stage it was down 10%. In our weekly research that we send to clients, we warned a week earlier that there was something wrong with the IAG chart. The chart was giving us clues that the market did not like the stock. We had recently warned of upcoming weakness in Suncorp and QBE, and those concerns played out. With IAG also getting sold down heavily, how did we identify the warning signs in order to apply that again in the future?

Michael Gable is managing director of Fairmont Equities.

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