Oct 30

Yangzijiang: Breaking out from Down Trend Channel?

2767
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Yangzijiang is at the edge of breaking out from the down trend channel and also clear the 50D MA resistance on last two trading days. As long as YZJ can stay above the 50D MA, this shipping stock will start an uptrend. At the current stock valuation, YZJ is under value.

  • Last Done = $1.00
  • Current PE = 6.64
  • FY2009 PE =7.52
  • FY2008 PE = 12.32
  • FY2007 PE = 22.45
  • Rolling PE = 5.81
  • Sector PE = 11.9
  • Dividend Yield = 4.5%
  • FY10 Net Margin = 22.9%
  • FY10 ROA = 11.3
  • FY10 ROE = 29.8
  • FY10 Current Ratio = 1.23
  • FY10 Debt/Equity = 1.17

 

Jul 19

Yangzijiang (YZJ): Rebound but ….

2284
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Yangzijiang rebound strongly today after forming a Long Dawn Line candlestick pattern with a spike in buying volume. This is a trend reversal pattern after the recent down trend. However, YZJ must clear $1.38 (61.8% Fibonacci Resistance) and $1.45 (neckline support turned resistance) to break the down trend pattern.

  • Current Price: $1.325
  • Current PE: 8.81
  • Rolling PE: 7.94
  • FY09 PE: 9.98
  • FY08 PE: 16.34
  • FY07 PE: 29.78

Current YZJ valuation is not expensive and it is a good opportunity for short term trade to ride on the rebound.