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Cathay General Bancorp (CATY) - Buy, Sell or Hold?

Sector: Finance   Sub-Sector: Major Banks
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 27 Jun 2017NoneHammerWed, 14 Jun 2017-5.28%
***Stock database and scans are updated around midnight (New York time) every trading day.
36.96 0.00 (0%) Jun 27 4:00pm EDT
Open: 37.21 Range: 36.92 - 37.53 Vol: 351.64K Avg Vol: 439.37K
EPS: 2.23 P/E ratio: 16.57 EBITDA: 0.00 Mkt Cap: 2.95B
Analyze "CATY" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 38.66
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 37.22
Last Trade is below the 50 day moving average at 37.58
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 35.67
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of CATY

Stock Trend Analysis - Buy, Sell or Hold "Cathay General Bancorp" (CATY)?

CATY is in a very strong uptrend. In the last 52 weeks, CATY has been trading above the 200 day moving average for 89% of the time with an average daily volume of 439.4K shares being traded. The 50 day moving average, currently at 37.58, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average, although in a trading range, generally confirms this view as the underlying strength in CATY still has a bullish bias with price maintaining above the 20 SMA for 52.5% of the time in the last two months of trading. A good area for traders who are considering taking a long position in CATY is near the 200 SMA currently at 35.67. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "CATY".

The analyst consensus estimates for the 1 year price target for this stock is $40.20* (*source: Yahoo Finance).

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