{"id":277089,"date":"2013-01-18T10:38:55","date_gmt":"2013-01-18T05:08:55","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=277089"},"modified":"2013-01-18T10:42:04","modified_gmt":"2013-01-18T05:12:04","slug":"analysis-jublfood","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/01\/18\/analysis-jublfood\/","title":{"rendered":"Analysis: JUBLFOOD"},"content":{"rendered":"

Today\u2019s pick is JUBLFOOD [stockquote]JUBLFOOD[\/stockquote]. The stock has been on an up-move since the beginning of last year and it experienced the 52 weeks high of 1,400 in October. Since then the stock has been in a downward sloping flag formation. In the last three months, the stock has moved -4%<\/strong><\/b> vs. +6% of the Nifty\u2019s. <\/p>\n

\"JUBLFOOD<\/a> <\/p>\n

Oscillators RSI<\/a> and CMO<\/a> are nearing the over-sold territory and are suggesting a short-term bullish<\/b> price action. The stock is close to the lower Bollinger band<\/a>, which is suggesting a bullish<\/b> move for the stock as well. <\/p>\n

The MACD<\/a> line and signal line are moving very close to each other unable to suggest any short-term direction. Long-term and short-term GMMA<\/a> lines are very close to each other and are not able to point at the direction of stock movement. <\/p>\n

\"JUBLFOOD<\/a> <\/p>\n

<\/b> <\/p>\n

JUBLFOOD\u2019s average correlation<\/a> with the Nifty<\/a> is -0.06 is negative<\/strong>. The scrip will not be replicating the movement of Nifty. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

\"JUBLFOOD<\/a> <\/p>\n

JUBLFOOD has a historical volatility<\/a> in the range of 0.4 to 1.0. The scrip\u2019s volatility currently is in the lower end of the range. <\/p>\n

Given these technicals, we suggest a short-term Buy. <\/b>A longer term call could only be taken based on the direction of the breakout from the flag in formation. Although, It will be beneficial to have trailing stop-losses<\/a> in place. <\/p>\n

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