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Orckit Communications, Limited (ORCT) - Buy, Sell or Hold?

Sector: Public Utilities   Sub-Sector: Telecommunications Equipment
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Jul 2015NoneDojiFri, 10 Jul 20150%
***Stock database and scans are updated around midnight (New York time) every trading day.
0.00 0.00 (0%) Jul 28 1:15pm EDT
Open: 0.0021 Range: N/A Vol: 0K Avg Vol: 0K
EPS: -0.19 P/E ratio: 0.00 EBITDA: N/A Mkt Cap: N/A
Analyze "ORCT" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 0.00
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 0.00
Last Trade is below the 50 day moving average at 0.01
Long Term: Trend is Down
Last Trade is below the 200 day moving average at 0.02
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of ORCT

Stock Trend Analysis - Buy, Sell or Hold "Orckit Communications, Limited" (ORCT)?

ORCT is in a very strong downtrend. For the last 52 weeks, ORCT has maintained to stay firmly below the 200 day moving average for 91% of the time. Rallies will be sold into until the downtrend reverses. 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 indicating very strong downtrend as ORCT has been trading below its 20 SMA for 97.5% of the time in the last 8 weeks. ORCT may be overdue for a relief rally but it has to be noted that as ORCT is still in a downtrend characterized by the 200 SMA, currently at 0.02, the most likely scenario is that rallies will be sold into until the 200 SMA is convincingly taken out. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "ORCT".

The analyst consensus estimates for the 1 year price target for this stock is $3.60* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Jul 2015

News on "ORCT" Stock

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