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Tags: conventional analysis, conventional... + Get the Full Story
I got a positive signal on NEWFIELD EXP COM, symbol (NFX) at 54.8667 on 3/7/2008
Price and moving averages:
NEWFIELD EXP COM, symbol (NFX), has closed below its short time moving average.
The short time moving average is currently above mid-time, AND above long time moving averages.
The relationship between price and moving averages is: neutral in short-term, and bullish in mid-long term.
Bollinger Bands:
NEWFIELD EXP COM, symbol (NFX), has closed above the upper band by 72.8%. This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
Bollinger Bands are 5.7% wider than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Levels:
We find traditional support at 47.99 and resistance at 57.75. The price is above the 50 Day MA, which is a bullish sign and gives us a clear support area at 51.6232. We haven't detected any particular candle pattern on this stock.
Fundamentals:
At this point the P/E ratio of NEWFIELD EXP COM is 15.875, which compared to the SP500 P/E ratio this quarter of 17.7 makes it relatively cheap. The company has shown an EPS of 3.44, which is an indication of profitability and not a very high dilution. The company is growing, as shown by a PEG (price/earnings growth) of 1.89.
This one looks like a good candidate to keep in a long term portfolio..
This commentary is not a recommendation to buy or sell. This is a comment about technical levels and relative performance of the stock mentioned.
I got a positive signal on MIDAS INC, symbol (MDS) at 15.82 on 3/7/2008
Price and moving averages:
MIDAS INC, symbol (MDS), has closed below its short time moving average.
The short time moving average is currently above mid-time, AND above long time moving averages.
The relationship between price and moving averages is: neutral in short-term, and bullish in mid-long term.
Bollinger Bands:
MIDAS INC, symbol (MDS), has closed above bottom band by 35.1%.
Bollinger Bands are 14.5% narrower than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Levels:
We find traditional support at 15.42 and resistance at 19.12. The price is above the 50 Day MA, which is a bullish sign and gives us a clear support area at 15.6716. However, we must remember that we are still in bear territory, and we need to break above 18.3764 for this trade to be a real bull trade. We haven't detected any particular candle pattern on this stock.
Fundamentals:
At this point the P/E ratio of MIDAS INC is 17.5714, which compared to the SP500 P/E ratio this quarter of 17.7 makes it relatively cheap. The company is growing, as shown by a PEG (price/earnings growth) of 1.22.
This should be a tradable stock, not to get in love with.
Actually, it should be considered as a short term swing trade.
This commentary is not a recommendation to buy or sell. This is a comment about technical levels and relative performance of the stock mentioned.
I got a positive signal on HELMERICH PAYNE, symbol (HP) at 44.0567 on 3/7/2008
Price and moving averages:
HELMERICH PAYNE, symbol (HP), has closed below its short time moving average.
The short time moving average is currently above mid-time, AND above long time moving averages.
The relationship between price and moving averages is: neutral in short-term, and bullish in mid-long term.
Bollinger Bands:
HELMERICH PAYNE, symbol (HP), has closed above the upper band by 90.5%. This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
Bollinger Bands are 31.3% wider than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Levels:
We find traditional support at 42.21 and resistance at 47.22. The price is above the 50 Day MA, which is a bullish sign and gives us a clear support area at 40.7878. We haven't detected any particular candle pattern on this stock.
Fundamentals:
At this point the P/E ratio of HELMERICH PAYNE is 10.4127, which compared to the SP500 P/E ratio this quarter of 17.7 makes it relatively cheap. The company has shown an EPS of 4.24, which is an indication of profitability and not a very high dilution. The company is growing, as shown by a PEG (price/earnings growth) of 1.09. As a bonus, it pays a dividend per share of 0.18.
This one looks like a good candidate to keep in a long term portfolio..
This commentary is not a recommendation to buy or sell. This is a comment about technical levels and relative performance of the stock mentioned.
I got a positive signal on HANGER ORTHOPEDIC, symbol (HGR) at 11.13 on 3/7/2008
Price and moving averages:
HANGER ORTHOPEDIC, symbol (HGR), has closed below its short time moving average.
The short time moving average is currently above mid-time, AND above long time moving averages.
The relationship between price and moving averages is: neutral in short-term, and bullish in mid-long term.
Bollinger Bands:
HANGER ORTHOPEDIC, symbol (HGR), has closed above the upper band by 47.5%. This combined with the steep uptrend suggests that the upward trend in prices has a good chance of continuing. However, a short-term pull-back inside the bands is likely.
Bollinger Bands are 26.8% wider than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Levels:
We find traditional support at 9.1 and resistance at 12.2. The price is above the 50 Day MA, which is a bullish sign and gives us a clear support area at 10.461.
Candlestick Commentary
The price forms the candlestick pattern Piercing Line, which is a reversal pattern.
According to Nison you need to consider the following: A strong reversal pattern.
LitWick considers that the reliability of this pattern is moderate.
Fundamentals:
At this point the P/E ratio of HANGER ORTHOPEDIC is 17.5938, which compared to the SP500 P/E ratio this quarter of 17.7 makes it relatively cheap. The company is growing, as shown by a PEG (price/earnings growth) of 2.2.
This should be a tradable stock, not to get in love with.
Actually, it should be considered as a short term swing trade.
This commentary is not a recommendation to buy or sell. This is a comment about technical levels and relative performance of the stock mentioned.
I got a positive signal on HSBC HLDGS PLC AD, symbol (HBC) at 76.4533 on 3/7/2008
Price and moving averages:
HSBC HLDGS PLC AD, symbol (HBC), has closed below its short time moving average.
The short time moving average is currently above mid-time, AND above long time moving averages.
The relationship between price and moving averages is: neutral in short-term, and neutral in mid-long term.
Bollinger Bands:
HSBC HLDGS PLC AD, symbol (HBC), has closed below upper band by 43.6%.
Bollinger Bands are 27.8% narrower than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
Levels:
We find traditional support at 71.91 and resistance at 79.46. The overall pattern is a ascending wedge.
The price is below the 50 Day MA, which makes this trade relatively riskier. We should enter this trade if we expect a higher reward for our risk. We should be watching the 50 MA, currently at 76.8694 for any signs of weakeness. Remember that this is a highly speculative AND risky trade, and we will find some resistance at 86.661 and at 76.8694 and we will be watching those levels. We haven't detected any particular candle pattern on this stock.
Fundamentals:
At this point the P/E ratio of HSBC HLDGS PLC AD is 1.#INF, which compared to the SP500 P/E ratio this quarter of 17.7 makes it relatively expensive. The company is growing, as shown by a PEG (price/earnings growth) of 2.53. As a bonus, it pays a dividend per share of 4.35.
This should be a tradable stock, not to get in love with.
Actually, it should be considered as a short term swing trade. The 4.35 should help mitigate some risk
This commentary is not a recommendation to buy or sell. This is a comment about technical levels and relative performance of the stock mentioned.
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