CADBURY plunges further, hits 44wks low on sell pressure


Tuesday, September 16, 2014 5:14 PM / Research


Today, CADBURY recorded another moderate loss of -4.60% to extend the active sell-down trend while investors sustained negative sentiments towards the stock to close battered among the bearish stocks on the Nigerian bourse.




In addition, the stock recorded a significant plunge in bargain posture, hitting 44weeks low with corresponding sharp decline in price momentum to close battered and depressed in an oversold region.


This further revealed sustained and strong bearish postures of both investors and shareholders towards the stock.


The market outlook in the recent weeks (13wks) revealed a continued sell-down trend while the stock had shed by -35.89%, following 7 weeks rally of +15.42% experienced between May 16th and June 27th 2014.



Furthermore, the stock closed bearish in both short-term and mid-long term periods as the relationship between the stock and its moving averages suggests.



Conclusively, the price analysis revealed unimpressive performance as the stock posted -35.89%  and -38.52% as its 3months and 6months returns respectively while its 52weeks and YTD performance stood at +7.14% gains and -11.03% loss respectively.


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