ECPG - Poised to move on Fundamentals?
ECPG is well placed from both a fundamental and technical position. Had a very strong rebound in September/October before trading down in late October/November. Like the set-up heading into Q1 as Govt support runs off, as well as Balance Sheet strength of business. While there is yet to be a sustained technical position the fundamentals are very positive. Am long this name, despite the noise in teh price over the past few weeks. Has been signalling higher lows recently, which is a positive that supports strength going forward. There has also been insider buying in last few weeks which is a net positive.
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