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Industrias Bachoco, S.A. de C.V. (IBA) - Buy, Sell or Hold?

Sector: Consumer Non-Durables   Sub-Sector: Meat/Poultry/Fish
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017NoneHammerMon, 13 Nov 2017-0.15%
***Stock database and scans are updated around midnight (New York time) every trading day.
58.37 0.00 (0%) Nov 17 4:00pm EST
Open: 57.28 Range: 57.28 - 58.37 Vol: 5.63K Avg Vol: 7.64K
EPS: 4.68 P/E ratio: 12.59 EBITDA: 451.65M Mkt Cap: 2.94B
Analyze "IBA" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 57.74
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 58.61
Last Trade is below the 50 day moving average at 62.38
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 57.28
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of IBA

Stock Trend Analysis - Buy, Sell or Hold "Industrias Bachoco, S.A. de C.V." (IBA)?

IBA is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 68% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. The 20 day moving average is also in a trading range but however it has a bearish downside bias. These may be early indications of a trend reversal but it is still too early to confirm. The long term trend remains up and the higher probability trade is to selectively buy the dips. A successful test of the 200 SMA currently near 57.28 would be a good place to start scaling in a long position. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "IBA".

The analyst consensus estimates for the 1 year price target for this stock is $74.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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