I got a positive signal on PNM RES INC (HLDG, symbol (PNM) at 14.14 on 5/14/2008 Price and moving averages:PNM RES INC (HLDG, symbol (PNM), 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:PNM RES INC (HLDG, symbol (PNM), has closed below upper band by 25.0%.
Bollinger Bands are 39.7% 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 11.8036 and resistance at 15.23. The price is above the 50 Day MA, which is relativelly bullish and gives us a clear support area at 12.6126 on long positions. However, we must remember that we are still in bear territory, and we need to break above 19.4984 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 PNM RES INC (HLDG is 14.7708, which compared to the SP500 P/E ratio this quarter of 17.63 makes it relatively cheap. The company is growing, as shown by a PEG (price/earnings growth) of 1.74. As a bonus, it pays a dividend per share of 0.92.
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.
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Last update : 14-05-2008 15:12
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