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Layne Christensen Company (LAYN) - Buy, Sell or Hold?

Sector: Basic Industries   Sub-Sector: Engineering & Construction
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 22 Sep 2017NoneHanging ManFri, 15 Sep 20170.99%
***Stock database and scans are updated around midnight (New York time) every trading day.
12.30 0.00 (0%) Sep 22 4:00pm EDT
Open: 12.25 Range: 12.14 - 12.32 Vol: 113.49K Avg Vol: 153.94K
EPS: -3.33 P/E ratio: 0.00 EBITDA: 11.12M Mkt Cap: 243.60M
Analyze "LAYN" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 12.28
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 11.44
Last Trade is above the 50 day moving average at 10.65
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 9.55
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of LAYN

Stock Trend Analysis - Buy, Sell or Hold "Layne Christensen Company" (LAYN)?

LAYN 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 67% 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. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation LAYN will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 9.55. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "LAYN".

The analyst consensus estimates for the 1 year price target for this stock is $11.00* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 22 Sep 2017
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