SATS is holding well during the January 2014 worldwide sell off. The key question is: How Long can SATS continue to hold and avoid being sold off?
Base on the chart, SATS is currently trading in a Rectangle and also the Descending Triangle with a crucial resistance turned support zone between $3.07 and $3.10. This support zone coincides with the 61.8% Fibonacci Retracement Level. Upside is very limited as there are many resistances (20D, 50D, 200D SMA), Rectangles resistance and the Descending Triangle resistance from $3.16 to $3.24.
Original post by Marubozu from My Stocks Investing Journey.
Fundamental Data for SATS
|Current P/E Ratio (ttm)
|Relative P/E vs. FSSTI
|Earnings Per Share (SGD) (ttm)
|Est. EPS (SGD) (03/2014)
|Est. PEG Ratio
|Market Cap (M SGD)
|Shares Outstanding (M)
|30 Day Average Volume
|Dividend Indicated Gross Yield
|Cash Dividend (SGD)
|5 Year Dividend Growth
|Next Earnings Announcement
|P/E Ratio (TTM)
|P/E High – Last 5 Yrs.
|P/E Low – Last 5 Yrs.
Fundamentally SATS is not cheap base on PE Ratio as current PE (TTM) is at the high end of PE High for the last 5 years. Dividend yield at 3.49% is not very attractive as there are other blue chip stocks or REIT with more attractive dividend yield.
Technically SATS upside is capped by the down trend line and there is a danger of breaking the crucial support. It is expected more selling to come if the support is broken. Good candidate to short with price target of $2.90 (Rectangle) and $2.70 (Descending Triangle).