Today’s pick is [stockquote]KTKBANK[/stockquote]. The last year saw the stock trading in a 60 to 140 range and the stock is in an up-trend since its Jan lows; The stock just saw 52-week highs at 140 levels. In the last three month period, the stock is up 42% vs. the Nifty’s 8%.
The GMMA chart shows both long-term and short-term lines fanning out. This is an extremely bullish signal for the stock.
KTKBANK had a historical volatility in the range of 0.4 to 0.8 till Sep 12, after which we see a rise in the volatility. This high volatility asks for a cautious outlook for the stock.
Looking at these technicals a short-term hold is suggested. Although, the spreading GMMA lines are giving a strong long-term buy signal for the stock.