technical analysis

29 July, 2011 16:00:00 AEST

TECHNICAL ANALYSIS

RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTAL ANALYSIS

BEARISH SIGNALS:
The stock has a score of merely 1 out of 9 set by Joseph Piotroski [pass mark >=5 ]:
Improvement in gross margin [from 2.51% to 50.4%].

RELATIVE VALUATION INDICATORS [RVI] TECHNICAL ANALYSIS

BULLISH SIGNALS:
- The price soared 28.6% in the last month.
- This has been propped up by high volume of 3.3 times average for the month.

- In the Australian market of 1,283 stocks and 59 units traded today, the stock has a 6-month relative strength of 100 which means it is beating 100% of the market.

- A price rise combined with a high relative strength is a BULLISH signal.

- The price to 50-day EMAP ratio is 1.4, a BULLISH indicator. In the past 50 days this ratio has exceeded 1.4 12 times suggesting FURTHER UPSIDE.

The 50-day EMAP has increased to 9.60c. An increase is another BULLISH indicator.

- The Moving Average Convergence Divergence (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.

- In the last three months the stock has hit a new 52-week high five times, pointing to an UPTREND.

- The price to 200-day MAP ratio is 2.91, a BULLISH indicator. In the past 200 days this ratio has exceeded 2.91 11 times suggesting FURTHER UPSIDE.

The stock is trading above both its MAPs and the 50-day MAP of 8.87c is higher than the 200-day MAP of 4.63c, another BULLISH indicator.

BREAKOUT:
- In the last three months the stock has hit a new 52-week high five times, pointing to an UPTREND.

- The bulls are maintaining control with price open, high, low and close exceeding yesterday's levels.

http://buysellsignals.com/StockResearch/StockReport.php?action=daily

Cheers

Sheeza