Biosensors is currently testing 50D SMA and also the uptrend support. Coincidently this $1.28 is also the 61.8% Fibonacci Retracement Level. It looks like Biosensors is going to rebound from this level because a Bullish Engulfing candlestick pattern is formed at the support level.
Key Statistics for BIG
| Current P/E Ratio (ttm) | 15.9175 |
|---|---|
| Estimated P/E(03/2013) | 15.8248 |
| Relative P/E vs. FSSTI | 1.5027 |
| Earnings Per Share (USD) (ttm) | 0.0656 |
| Est. EPS (USD) (03/2013) | 0.0660 |
| Est. PEG Ratio | 1.0951 |
| Market Cap (M SGD) | 2,217.88 |
| Shares Outstanding (M) | 1,712.65 |
| 30 Day Average Volume | 8,429,800 |
| Price/Book (mrq) | 1.4641 |
| Price/Sale (ttm) | 5.3599 |
| Dividend Indicated Gross Yield | -% |
| Cash Dividend | – |
| Last Dividend | |
| 5 Year Dividend Growth | – |
| Next Earnings Announcement | 05/29/2013 |
Biosensors International Group Ltd. manufactures medical devices. The Company produces drug-eluting stents used to widen narrowing arteries, critical care catheter systems, and blood pressure transducers.
ITs all gambling. All the technical jargon and theories cannot justify or support the theory that stock markets are financial casinos. Technical analysis only makes the analyser feel that he or she is an intelligent investor. Reality is that it is all just a simple old fashioned gamble. Only difference is the gambler can live longer to see a win or perish in the long term to lose. At best it is a break even game.