IMO...This is one stock right now that you know that it is a great medium and long term stock, but is just plain bearish in the short-term. I would not be monitoring it everyday, hoping that it will surge forward like we use to with PEN pre Japan's earthquake and nuclear crisis, because I will be very disappointed.
Incidentally, below is Stoxline analysis on PEN
Price and moving averages
Price and moving averages has closed below its Short term moving average. Short term moving average is currently below mid-term; AND below long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BEARISH in short-term; and NEUTRAL in mid-long term.
Bollinger Bands
PEN.AX has closed above bottom band by 32.3%. Bollinger Bands are 27.3% narrower than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.
Quantum46 Do your own research
PEN Price at posting:
8.1¢ Sentiment: LT Buy Disclosure: Held
