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Millenium India Acquisition Company Inc. (SMCG) - Buy, Sell or Hold?

Sector: Finance   Sub-Sector: Business Services
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 24 Nov 2017NoneBullish EngulfingFri, 27 Oct 2017-6.5%
***Stock database and scans are updated around midnight (New York time) every trading day.
1.15 0.00 (0%) Nov 24 4:00pm EDT
Open: 1.15 Range: 1.15 - 1.15 Vol: 0.5K Avg Vol: 4.4K
EPS: 0.05 P/E ratio: 0.00 EBITDA: 0.00 Mkt Cap: N/A
Analyze "SMCG" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 1.17
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 1.15
Last Trade is above the 50 day moving average at 0.99
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 0.76
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of SMCG

Stock Trend Analysis - Buy, Sell or Hold "Millenium India Acquisition Company Inc." (SMCG)?

SMCG 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 58% 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 SMCG 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 0.76. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "SMCG".
Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 24 Nov 2017

News on "SMCG" Stock

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