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Ossen Innovation Co., Ltd. (OSN) - Buy, Sell or Hold?

Sector: Basic Industries   Sub-Sector: Steel/Iron Ore
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneBearish EngulfingFri, 17 Nov 20171.67%
***Stock database and scans are updated around midnight (New York time) every trading day.
2.43 0.00 (0%) Nov 28 4:00pm EDT
Open: 2.41 Range: 2.39 - 2.45 Vol: 7.58K Avg Vol: 11.97K
EPS: 0.67 P/E ratio: 2.73 EBITDA: 8.79M Mkt Cap: 12.05M
Analyze "OSN" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 2.42
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 2.19
Last Trade is above the 50 day moving average at 1.91
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 2.05
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of OSN

Stock Trend Analysis - Buy, Sell or Hold "Ossen Innovation Co., Ltd." (OSN)?

OSN is in a long term trading range with a downward bias. This stock has traded about 77% of the time below the 200 day moving average in the last 52 weeks on daily average volume of 12K shares changing hands. 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 bucking the bearish bias as price has traded above the 20 day SMA for 100% of the time during the last two months. Buyers have to be cautious as the longer and medium term trends are still not very strong. Objectively, dips should be bought but buyers have to be very selective in choosing a level to scale in e.g. near the 200 day SMA currently at 2.05. A range trading strategy rather than a trend following strategy, may be more appropriate in this scenario. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "OSN".

The analyst consensus estimates for the 1 year price target for this stock is $3.00* (*source: Yahoo Finance).

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