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EMCORE Corporation (EMKR) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: Semiconductors
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneDojiTue, 21 Nov 20176.71%
***Stock database and scans are updated around midnight (New York time) every trading day.
7.95 0.00 (0%) Nov 28 4:00pm EST
Open: 7.75 Range: 7.58 - 8.00 Vol: 119.76K Avg Vol: 244.93K
EPS: 0.29 P/E ratio: 28.75 EBITDA: 13.00M Mkt Cap: 221.75M
Analyze "EMKR" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 7.65
Medium Term: Trading is Range Bound
Last Trade is above the 20 day moving average at 7.60
Last Trade is below the 50 day moving average at 8.10
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 9.35
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of EMKR

Stock Trend Analysis - Buy, Sell or Hold "EMCORE Corporation" (EMKR)?

EMKR is trading below its 200 day moving average and objectively, many will consider the long term trend to be down. Care must however be taken with this view as in its last 52 week trading history, it is noted that EMKR has been range bound with a slight upward bias, having traded above the 200 SMA about 70% of the time. The medium term trend for EMKR is extremely bearish and weak, having traded almost 82% of the time below the 50 day moving average. The 20 day moving average is also very weak and displaying very bearish bias. EMKR may be long overdue for a good oversold bounce, but objectively, as long as EMKR is trading below its 200 SMA, rallies will be sold into. Technically there are too many uncertainties to recommend a long term buy on this stock at this moment. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "EMKR".

The analyst consensus estimates for the 1 year price target for this stock is $12.63* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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