someone feels bullish

***** MAP

Macquarie Airport (MAP). Last $3.06
Industry Group: Transportation
Date of analysis: Wednesday 12 October 2005.
Financial Fundamentals:
Market Capital: $4,917,907,131
N.T.A $2.81 per share
Earnings Per Share: 52.45 cents
Price / Earnings Ratio: 5.83x
Dividend Per Share: 19 cents
Dividend Yield: 6.20% Unfranked.

Current support level is building up from $3.00.

MAP's share price formed support at $3.04 (the share prices weakest position) on 11/10/05 from where it has started to move up and away from that level.

Previous share price support for MAP was found at $3.02 on 18/04/05 which saw the share price rally to an intra day high of $3.70 on 31/05/05.

Indicators show Macquarie Airport (MAP) share price is forming a bullish trend and is currently in an oversold position on strength.

Short term - The formation of a double bottom could see the share price retest its previous resistance level of $3.70 formed on 31//05/05.

My view: Watch its current support level of $3.00. Financial fundaments are strong which should see this stock out perform medium to long term.

Disclaimer: I dont hold.
(Author: dibido)