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China New Borun Corporation (BORN) - Buy, Sell or Hold?

Sector: Consumer Non-Durables   Sub-Sector: Beverages (Production/Distribution)
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 27 Jun 2017NoneDojiThu, 15 Jun 20171.49%
***Stock database and scans are updated around midnight (New York time) every trading day.
1.36 0.00 (0%) Jun 27 3:58pm EDT
Open: 1.38 Range: 1.36 - 1.38 Vol: 28.11K Avg Vol: 128.56K
EPS: 0.48 P/E ratio: 2.86 EBITDA: 40.91M Mkt Cap: 34.99M
Analyze "BORN" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 1.36
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 1.30
Last Trade is above the 50 day moving average at 1.22
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 1.32
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of BORN

Stock Trend Analysis - Buy, Sell or Hold "China New Borun Corporation" (BORN)?

BORN is in a long term trading range with a downward bias. This stock has traded about 70% of the time below the 200 day moving average in the last 52 weeks on daily average volume of 128.6K shares changing hands. For the medium term, the 50 day moving average is generally in a trading range with a bearish downward bias. The 20 day moving average is slightly bullish and is also in a trading range. Buyers have to be cautious as the longer and medium term uptrends are still not very convincing. Objectively however, dips should still be bought but buyers have to be very selective in choosing a level to scale in e.g. near the 200 day SMA currently at 1.32. A range trading strategy rather than a trend following strategy, may be more appropriate in this scenario. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "BORN".

The analyst consensus estimates for the 1 year price target for this stock is $7.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 27 Jun 2017
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