Stock Watch - Shoprite and Nasdaq, Barloworld

Robert Cameron from Thebe Stockbroking chose Barloworld as his stock pick of the day. The stock is a bit of a rande/hedge and this company is involved in heavy machineries and have joint operations with CAT. Geographically they are quite diverse and if you look at the stock technically, it has been in a sideways consolidation range for quite a number of months now and has now started to move out of that range and is expected to accelerate from her.