Significant UptrendPrice volume trendThe price climbed 5.6% in...

Significant Uptrend

Price volume trend
The price climbed 5.6% in the last week and soared 40.7% in the last month. This has been propped up by
firm volume of 1.4 times average for the week and 1.2 times average for the month.

Relativities
Compared with the All Ordinaries index which rose 0.8% for the month, this represented a relative price
increase of 39.9% for the month. Today its percentile rank in the Australian market was 82. In the Australian
market of 1,419 stocks and 75 units traded today, the stock has a 6-month relative strength of 83 which
means it is outperforming 83% of the market. A price rise combined with a high relative strength is a bullish
signal. Also, the relative strength percentile is rising at 83 for 6 months, 83 for 3 months and 94 for 1 month.
Moving average price (MAP) [with equal weightage to prices at close]
The price to 200-day MAP ratio is 1.65, a bullish indicator. In the past 200 days this ratio has exceeded 1.65
just thrice suggesting a resistance level.The stock is trading above both its MAPs and the 50-day MAP of
28.07c is higher than the 200-day MAP of 23.08c, another bullish indicator.
Exponential Moving Average Price (EMAP) [with higher weightage to recent prices]
The price to 50-day EMAP ratio is 1.3, a bullish indicator. The 50-day EMAP has increased to 29.17c. An
increase is another bullish indicator.
Moving Average Convergence Divergence (MACD)
The 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.

Breakout
The stock traded at two year high of 38.0c today. The bulls are maintaining control with price open, high, low
and close exceeding yesterday's levels.
Support
The support price is hovering at the 27.0c level. Volume traded at the weak support price zone was 0.4 times
average during the two occasions when the support price was breached. In the last one month the first low
was at 27.0c on Dec 29, the second decline halted at 27.50c on Dec 30.
Resistance
The stock hit a new high of 38.0c on decreased volume index of 1.4 on Tuesday.
Rises to Falls
In the last three months the number of rises outnumbered falls 27:16 or 1.7:1.

More here-

http://www.buysellsignals.com/BuySellSignals/report/Australia/Stock/PDF/Daily/Australia_pdf_1294.pdf


Oscar