Glass Half Full - SP rise, page-151

Just because I'm bored thought I'd throw up the Bell signals on AVL from yesterday

BULLISH SIGNALS:

Rises to Falls: In the last three months the number of rises
outnumbered falls 24:18 or 1.3:1.
•
In the last 17 trading sessions there has been a net rise of
5.56%; the stock has advanced forty three times and the
biggest one day rise was 17.4% on August 11.
•
In the Australian market of 1,342 stocks and 37 units
traded today, the stock has a 6-month relative strength
of 55 which means it has outperformed 55% of the
market.
•
The price to 50-day EMAP ratio is 1.1, a bullish indicator.
In the past 50 days this ratio has exceeded 1.1, 31 times
suggesting further upside.
•
The Moving Average Convergence Divergence (MACD)
indicator of 12-day Exponential Moving Average (EMA)
of 0.02 minus the 26-day EMA of 0.02 is positive
suggesting a bullish signal.
•
The Price/MAP of 1.6 for AVL is higher than the
Price/MAP for the All Ordinaries Index of 1.1.
•
In the last three months the stock has hit a new 52-week
high thrice.
•
The price to 200-day MAP ratio is 1.6, a bullish indicator.
In the past 200 days this ratio has exceeded 1.6, 20 times
suggesting further upside. The stock is trading above
both its MAPs and the 50-day MAP of 1.85c is higher than
the 200-day MAP of 1.19c, another bullish indicator.
•
The stock is oversold according to the Williams % R
indicator of -81.8.
•
Undervaluation:
The Price to Book of 1.3 lower than average of 1.8 for the
Materials sector and 2.6 for the Total Australian Market.
We estimate the shares are trading at a current year
Price to Book of 1.4 and a forward year Price to Book of
1.6.
•
The Q Ratio, defined by James Tobin as MCap divided
by Total Assets, is 1.3. Compared with the rest of the
market the stock is undervalued.
•
Other Bullish Signals:
Also, the following criteria set by Benjamin Graham:
"Current ratio of two or more"; current assets are 8.6
times current liabilities.