buy sell signal (bss) - 14/10/2011

Some key points from HOG review by BSS (14/10/2011):

1. BULLISH SIGNALS:
The price gained 4.4% in the last week and soared 17.5% in
the last month.
Compared with the All Ordinaries index which rose 1.0%
for the week and 4.4% for the month, this represented a
relative price increase of 3.4% for the week and 13.1% for
the month.
2. BEARISH SIGNALS:
In the Australian market of 1,156 stocks and 61 units
traded today, the stock has a 6-month relative strength of 23 indicating it is trailing 77.0% of the market.
The price to 50-day EMAP ratio is 0.95, a bearish indicator.
In the past 200 days this ratio has been under 0.95 43 times
suggesting further downside. The 50-day EMAP has
decreased to 24.61c. A decrease is another bearish indicator.
The Moving Average Convergence Divergence (MACD)
indicator of 12-day Exponential Moving Average (EMA)
minus the 26-day EMA is negative suggesting a bearish
signal.
The price to 200-day MAP ratio is 0.68, a bearish indicator.
In the past 200 days this ratio has been under 0.68 22 times
suggesting further downside. The stock is trading below
both its MAPs and the 50-day MAP of 23.96c is lower than
the 200-day MAP of 34.76c, another bearish indicator.

3. S-T Rating: 4 out of 5 (Max: 5 out of 5)
L-T Rating: 2 out of 5

Link: http://www.buysellsignals.com/10211095

Admittedly, the above views are based on historical analysis of HOG's performance relative to energy sector and market, in general. See what happens when drilling updates are released. According to Hartlerys - COS >70% "across development and appraisal activities, including the currently drilling Chernetska #1 well and the soon to spud, Sorochynska #202 well". (12mth price target = 71c)

Link: http://www.hawkleyoilandgas.com//media/articles/Investor-Relations---Reports-and-Presentations/20111006-Hartleys-research-note-179/Hartleys-research-note-October6.pdf

MS