toby shute getting with the times, page-39

Forget Toby,let's have a read of the highly respected buysellsignals.

Firstly,let's look over the someof the most recent technical data relating to SSN (U.S)

01 February, 2011 16:00:00 EST

RELATIVE VALUATION INDICATORS [RVI] TECHNICAL ANALYSIS
Bullish Signals:
- The price soared 13.5% in the last week and 97.0% in the last month.
- This has been propped up by high volume of 4.1 times average for the week and by robust volume 2.8 times average for the month.
- Compared with the Bank of New York Mellon Composite ADR index which rose 1.7% for the week, this represented a relative price increase of 11.9% for the week.
- In the Global Depository Receipts market of 313 ADRs and 36 GDRs traded today, the ADR has a 6-month relative strength of 97 which means it is beating 97% of the market.
- Also, the relative strength percentile is rising at 97 for 6 months, 99 for 3 months and 99 for 1 month.
- The price to 50-day EMAP ratio is 1.6, a bullish indicator. In the past 50 days this ratio has exceeded 1.6 just twice suggesting a resistance level.The 50-day EMAP has increased to US$1.651. 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.
- The ADR is trading above both its MAPs and the 50-day MAP of US$1.487 is higher than the 200-day MAP of US$1.139.
- The 200-day MAP has increased to US$1.139.
- In the last three months the ADR has hit a new 52-week high seven times, pointing to a SIGNIFICANT UPTREND.

SSN Australia

02 February, 2011 16:00:00 AEST

RELATIVE VALUATION INDICATORS [RVI] TECHNICAL ANALYSIS
Bullish Signals:
- The price soared 13.6% in the last week and 92.3% in the last month.
- In the Australian market of 1,395 stocks and 75 units traded today, the stock has a 6-month relative strength of 81 which means it is beating 81% of the market.
- Also, the relative strength percentile is rising at 81 for 6 months, 96 for 3 months and 99 for 1 month.
- The price to 50-day EMAP ratio is 1.5, a bullish indicator. In the past 50 days this ratio has exceeded 1.5 just twice suggesting a resistance level.The 50-day EMAP has increased to 8.21c. 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.
- The stock is trading above both its MAPs and the 50-day MAP of 7.43c is higher than the 200-day MAP of 6.02c.
- In the last three months the stock has hit a new 52-week high six times, pointing to an UPTREND.

RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTAL ANALYSIS
Bearish Signals:
- The earnings yield of 0.39% below 10-year bond yield of 5.57%.
- The Price to Book of 8.4 higher than average of 2.8 for the Energy sector and 2.8 for the Total Australian Market.
- Return on Equity of 3.3% versus sector average of 7.0% and market average of 7.8%.
- Return on Assets of 2.1% versus sector average of 4.4% and market average of 1.6%.

Overall it appears SSN is riding the wave of positive sentiment backed up by quality prospects & sound management!

Also having a threesome with the big boys HAL & CHK looks great on your CV.

After many hours of research & reading quality posts on the SSN forum/threads via HC, I was left with no other alternative,but to swing the bat yesterday & pick up a sizeable parcel.

P.S

Mentioned back in March last year to a few mates about buying into SSN,never got around to it.

Better late than never i say..!!

There is a quite lot to like about $$N...!!!

Cheers

Sheeza