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Open Text Corporation (OTEX) - Buy, Sell or Hold?

Sector: Technology   Sub-Sector: EDP Services
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017Bearish EngulfingDojiFri, 24 Nov 20170.12%
***Stock database and scans are updated around midnight (New York time) every trading day.
33.06 0.00 (0%) Nov 28 4:00pm EDT
Open: 33.20 Range: 32.83 - 33.20 Vol: 652.76K Avg Vol: 472.19K
EPS: 4.01 P/E ratio: 8.72 EBITDA: 631.71M Mkt Cap: 9.20B
Analyze "OTEX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 33.22
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 33.56
Last Trade is below the 50 day moving average at 33.28
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 33.04
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of OTEX

Stock Trend Analysis - Buy, Sell or Hold "Open Text Corporation" (OTEX)?

OTEX 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 73% 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 OTEX 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 33.04. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "OTEX".

The analyst consensus estimates for the 1 year price target for this stock is $40.03* (*source: Yahoo Finance).

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