JBERGER breaks away with +10.10% gain in anticipation

Proshare

Wednesday, February 25, 2014 5:14 PM / Research

 

Today, JBERGER closed the volatile session with a break-away rally within the band to lead market performance with 10.10% gain as money inflow index surged to reflect a strong renewed optimism towards the stock.

Also, the stock moved out of bearish zone to close neutral in short term, to begin a reversal trend with corresponding growth in bullish volume and money inflow. The bullish volume surged by 101.22%-

This could be an anticipatory rally towards an expected reward for both investors and shareholders as dividend history had indicated.



The market outlook in the last 8 months revealed sustained sell-down postures from both shareholders and investors as the stock had shed -48.49% of its market value.




Nonetheless, technical indicator (MACD) revealed a moderate and growing bargain tendency towards the stock while it closed neutral in short term but remained bearish in mid-long term period as revealed by price moving average, suggesting growing presence of the bulls towards the stock.




More so, price analysis revealed unimpressive performances trend as the stock posted 27.46% and -32.31% gains as 3months and 6months returns respectively while its 52weeks and YTD performance stood at -41.33% and -27.46% loss respectively.




Conclusively, sub-sector/peer analysis further
revealed the stock as worst performing stocks in the last one year, which further suggests that the sentiments within the sub-sector remained negative towards JBERGER

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