I got a positive signal on SONOCO PRODUCTS, symbol (SON) at 32.89 on 5/14/2008 Price and moving averages:SONOCO PRODUCTS, symbol (SON), 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:SONOCO PRODUCTS, symbol (SON), has closed above the upper band by 223.2%. 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 1.2% 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 31.7 and resistance at 33.98. The price is above the 50 Day MA, which is relativelly bullish and gives us a clear support area at 30.0788 on long positions. We haven't detected any particular candle pattern on this stock.Fundamentals:At this point the P/E ratio of SONOCO PRODUCTS is 19.0698, which compared to the SP500 P/E ratio this quarter of 17.63 makes it relatively expensive. The company has shown an EPS of 1.72, 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 1.44. As a bonus, it pays a dividend per share of 1.04.
This should be a tradable stock, not to get in love with.. The 1.04 should help mitigate some riskThis 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 15:13
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