{"id":285162,"date":"2013-01-29T10:55:25","date_gmt":"2013-01-29T05:25:25","guid":{"rendered":"http:\/\/stockviz.biz\/index.php\/?p=285162"},"modified":"2013-01-29T11:08:26","modified_gmt":"2013-01-29T05:38:26","slug":"analysis-hathway","status":"publish","type":"post","link":"https:\/\/stockviz.biz\/index.php\/2013\/01\/29\/analysis-hathway\/","title":{"rendered":"Analysis: HATHWAY"},"content":{"rendered":"

Today\u2019s pick is HATHWAY [stockquote]HATHWAY[\/stockquote]. The stock has been on an uptrend since the starting of the year. It saw its 52 week high of Rs. 306 in December and since then has been undergoing a flag formation. In the last three months, the stock has moved +11%<\/strong><\/b> vs. +8% of the Nifty\u2019s. <\/p>\n

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

Oscillators RSI<\/a> and CMO<\/a> are hovering close to over-sold territory suggesting an imminent bullish<\/b> move for the stock. The stock is trading in the lower end of Bollinger band<\/a> directing stock towards a bullish move<\/b>. Although, short-term technical just saw 9×4 bearish<\/b> cross-over. <\/p>\n

The MACD<\/a> line and signal line are moving very close to each other and hence are unable to suggest any short-term direction. Long-term GMMA<\/a> lines are fanning out from each other and hence are giving a bullish<\/b> bias for the stock. <\/p>\n

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

HATHWAY\u2019s average correlation<\/a> with the Nifty<\/a> is 0.07 which is positive<\/b>. The scrip will be not be replicating movement of Nifty. [stockquote]NIFTYBEES[\/stockquote] <\/p>\n

\"HATHWAY<\/a>\"Globe<\/a> <\/p>\n

HATHWAY has a historical volatility<\/a> in the range of 0.6 to 1.4. The scrip\u2019s volatility is currently in the lower end of the range. <\/p>\n

From a fundamental point of view, Globe Capital<\/a> has a BUY<\/strong> on HATHWAY. They expect that the company will be in a better position to capture the growth opportunity led by the structural changes in cable distribution and implementation of digitization. <\/p>\n

Given these technicals, we suggest a short-term <\/b>BUY<\/b>. Although, a longer term call in any direction could be taken once a decisive breakout from the current flag takes place.  Also, we suggest having trailing stop-losses<\/a> in case trend-reversal were to take place. <\/p>\n

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