Hi,Have a read of the following. Plenty of bullish indicators.M2...

Hi,

Have a read of the following. Plenty of bullish indicators.

M2 Telecommunications Group [S&P/ASX 200 Telecom Services] increases 1.7% on high volume rising for a second consecutive day, a two day rise of 2.3% February 14, 2011 16:00:00 AEST

AUSTRALIAN COMPANY NEWS BITES
STOCK REPORT
M2 Telecommunications Group (MTU.AU) rose 6.0c (or 1.7%) on high volume to close at $3.51. Compared with the All Ordinaries index, which rose 52.8 points (or 1.1%) on the day, this was a relative price change of 0.7%. The stock rose for a second day on Monday bringing its two-day rise to 8.0c or 2.3%.
Price Change %
2-day
1-month
1-year

MTU
2.3%
13.2%
130.9%

Telecom
1.4%
1.6%
-53.2%

All Ordinaries
0.4%
2.3%
9.5%

PRICE VOLUME DYNAMICS
Volatility: the stock traded between an intraday low of $3.45 and five-day high of $3.53. The price range has expanded in the last two days (from 4.0c two days ago to 10.0c today) which, accompanied by a price rise, is a bullish signal.
Moving average price (MAP) [with equal weightage to prices at close]: the price to 200-day MAP ratio is 1.52, a bullish indicator. In the past 200 days this ratio has exceeded 1.52 just thrice suggesting a resistance level. The stock is trading above both its MAPs and the 50-day MAP of $3.009 is higher than the 200-day MAP of $2.31, a bullish indicator. The 200-day MAP has increased to $2.31. 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 1.2, a bullish indicator. In the past 50 days this ratio has exceeded 1.2 five times suggesting further upside. The 50-day EMAP has increased to $3.062. An increase is another bullish indicator.
Moving Average Convergence Divergence (MACD): the MACD indicator of 12-day Exponential Moving Average (EMA) minus the 26-day EMA is positive suggesting a bullish signal. Both the 12-day EMA as well as the 26-day EMA are rising, another bullish signal.
Relativities: today its percentile rank in the Australian market was 73. In the Australian market of 1,439 stocks and 77 units traded today, the stock has a 6-month relative strength of 79 which means it has outperformed 79% of the market.
Volume: there were 551,994 shares worth $1.9 million traded. The volume was 3.8 times average trading of 145,920 shares.
% Discount to high: the last price is at a discount of 1.4% to the 12-month high of $3.56 seven-days ago on 07 Feb, 2011.
Volume weighted price (VWP): the price is at a premium of 5.0% to the 1-month volume weighted average price of $3.34. Given that this premium has been under 5.0% one hundred one times and over 5.0% ninety-three times in the last year, the downside:upside probability is estimated at 101:93 or 1.1:1.
Rises to Falls: In the last three months the number of rises outnumbered falls 29:26 or 1.1:1.

http://news.reportlinker.com/n06104556/M2-Telecommunications-Group-increases-1-7-on-high-volume-rising-for-a-second-consecutive-day-a-two-day-rise-of-2-.html#

SD