I got a positive signal on NEWPORT CP, symbol (NEWP) at 12.56 on 5/14/2008 Price and moving averages:NEWPORT CP, symbol (NEWP), has closed above 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: bullish in short-term, and bullish in mid-long term. Bollinger Bands:NEWPORT CP, symbol (NEWP), has closed above the upper band by 85.2%. 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 6.9% 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 10.79 and resistance at 12.06. The price is above the 50 Day MA, which is relativelly bullish and gives us a clear support area at 11.0948 on long positions. However, we must remember that we are still in bear territory, and we need to break above 12.6542 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 NEWPORT CP is 11.2679, which compared to the SP500 P/E ratio this quarter of 17.63 makes it relatively cheap. The company has shown an EPS of 1.12, 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 1.68.
This should be a tradable stock, not to get in love with.. 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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Last update : 14-05-2008 15:11
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