bullish

Source: www. BuySellSignals. com (17 hours ago)

"AUSTRALIAN COMPANY NEWS BITES

STOCK REPORT

Accent Resources (ACS.AU), Australia's 185th largest Materials company by market capitalisation, closed unchanged at 33.0c for the week ending Friday January 07. Compared with the All Ordinaries index which fell 34.9 points (or 0.7%) in the week, this represented a relative price change of 0.7%. The volume was 0.2 times average trading of 761,974 shares.


PRICE VOLUME DYNAMICS

Volatility: the stock traded between an intraweek high of 34.0c and a four-week low of 32.0c.

moving average price (MAP): The price to 200-day MAP ratio is 1.39, a bullish indicator. In the past 200 days this ratio has exceeded 1.39 thirty-nine times suggesting further upside. The stock is trading above both its MAPs and the 50-day MAP of 32.04c is higher than the 200-day MAP of 23.72c, a bullish indicator. The 200-day MAP has increased to 23.72c. An increase is another bullish indicator.

Exponential Moving Average Price (EMAP) [with higher weightage to recent prices]: the price to 50-day EMAP ratio is 1.03, a bullish indicator. In the past 50 days this ratio has exceeded 1.03 40 times suggesting further upside. The 50-day EMAP has increased to 31.93c. An increase is another bullish indicator.

Relativities: in the Australian market the stock has a trailing week relative strength of 58.04 indicating it is trailing 41.96% of the market. In the Australian market of 1,393 stocks & 77 units traded today, the stock has a 6-month relative strength of 90 which means it is beating 90% of the market.

Volume and turnover period: there were 142,800 shares worth $46,387 traded. The turnover rate in the 12 months to date was 28.03% (or a turnover period of 3 years 6 months). This average length of ownership of the stock at 2.998 times the average holding period of 1 year 2 months for stocks in the S&P/ASX 200 index suggests a larger number of core investors, making a long-term investment safer.

% Discount to high: the last price is at a discount of 28.3% to the 12-month high of 46.0c two months ago on 22 Nov, 2010.

Volume weighted price (VWP): the price is about the same as its 3-month volume weighted average price of 33.40c."


For the record, and as mentioned last week, I can see this testing 40 soon.