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POSCO (PKX) - Buy, Sell or Hold?

Sector: Basic Industries   Sub-Sector: Steel/Iron Ore
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017Bullish EngulfingDojiFri, 10 Nov 2017-1.18%
***Stock database and scans are updated around midnight (New York time) every trading day.
71.18 0.00 (0%) Nov 17 4:00pm EST
Open: 70.52 Range: 70.52 - 71.66 Vol: 144.34K Avg Vol: 206.3K
EPS: 5.64 P/E ratio: 12.93 EBITDA: 6.20B Mkt Cap: 23.35B
Analyze "PKX" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 70.79
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 72.44
Last Trade is below the 50 day moving average at 71.68
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 66.29
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of PKX

Stock Trend Analysis - Buy, Sell or Hold "POSCO" (PKX)?

PKX is in a very strong uptrend. In the last 52 weeks, PKX has been trading above the 200 day moving average for 100% of the time with an average daily volume of 206.3K shares being traded. The 50 day moving average, currently at 71.68, although still maintaining a bullish inclination, is however exhibiting characteristics of a medium term trading range. As the dominant long term trend is still up strongly, the high probability trade is still buying the dips. The 20 day moving average is in a trading range and is generally bucking the trend with a bearish bias. PKX was only able to maintain above the 20 SMA for 40% of the time in the last month of trading. Objectively, in a strong uptrend, the high probability strategy is to buy dips. A good area for traders who are considering taking a long position in PKX is near the 200 SMA currently at 66.29. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "PKX".

The analyst consensus estimates for the 1 year price target for this stock is $83.56* (*source: Yahoo Finance).

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