BULLISH SIGNALS: The price soared 10.3% in the last month. Compared with the All Ordinaries index which rose 1.9% for the month, this represented a relative price increase of 8.4% for the month. In the Australian market of 1,290 stocks and 54 units traded today, the stock has a 6-month relative strength of 81 which means it is beating 81% of the market. A price rise combined with a high relative strength is a bullish signal. The price to 50-day EMAP ratio is 1.1, a bullish indicator. In the past 50 days this ratio has exceeded 1.1 25 times suggesting further upside. The 50-day EMAP has increased to 71.20c. 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 price to 200-day MAP ratio is 1.33, a bullish indicator. In the past 200 days this ratio has exceeded 1.33 seven times suggesting further upside. The stock is trading above both its MAPs and the 50-day MAP of 70.06c is higher than the 200-day MAP of 60.46c, another bullish indicator.
CWK Price at posting:
77.7¢ Sentiment: Buy Disclosure: Held