the future, page-40

05 April, 2011 16:00:00 AEST
Hawthorn Resources [S&P/ASX 200 Materials]

RELATIVE VALUATION INDICATORS [RVI] TECHNICAL ANALYSIS

Bullish Signals:

- The price soared 100.0% in the last week and 166.7% in the last month.
- This has been propped up by spectacular volume of 18.2 times average for the week and by strong volume 6.8 times average for the month.

- In the Australian market of 1,385 stocks and 76 units traded today, the stock has a 6-month relative strength of 98 which means it is beating 98% of the market.

- A price rise combined with a high relative strength is a bullish signal.
- The price to 50-day EMAP ratio is 2.4, a bullish indicator. The 50-day EMAP has increased to 0.98c. 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 eight times, pointing to a significant uptrend.

- The price to 200-day MAP ratio is 3.49, a bullish indicator. The stock is trading above both its MAPs and the 50-day MAP of 0.90c is higher than the 200-day MAP of 0.69c, another bullish indicator.

Bearish Signals:

- the price has risen above the upper Bollinger band of 1.90c; the Relative Strength Index (RSI) of 80.0 has penetrated the overbought line of 70.


BREAKOUT
- The stock traded at a twenty nine-month high of 2.40c today.
- In the last three months the stock has hit a new 52-week high eight times, pointing to a significant uptrend.

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

Cheers

Sheeza