Computershare (CPU) provides a range of services that include issuer services, employee share plans and communication services.
“They are one of the better leverage plays to rising interest rates,” Michael said.
“Despite how far the share price has recovered over the past year, it still looks cheap because of its impressive earnings growth profile.
“The chart is also indicating that we should see further upside over time.
“CPU has been trending nicely over the past year or so and it still continues to look positive here.
“The recent pullback from the April high has been fairly orderly and the share price is back at trendline support.
“As long as the broader market can hold up here, we would view current levels as a buying opportunity. “However, if it was unable to hold $23, then the next support level down is near $21,” Michael said.
Computershare Limited (CPU)
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