ST Engineering: Upside Limited

ST Engineering upside is limited base on current chart pattern. This stock has been moving sideway between $3.00 to $3.30 from Dec 2009 until now. $3.30 proved to be a tough resistance to break and the upside is also limited by the support turned resistance of the uptrend line. Unless there is a breakout with huge trading volume, the downside risk is much higher than the upside potential. $3.00 is the very strong support level. In addition, with current PE of 22.12(the highest of the past 4 years) and the dividend yield of 2.146%, ST Engineering is not a really attractive investment choice for me.

This Post Has 2 Comments

  1. Roy

    Just curious where do you got the PE ratio from, particularly the historical PE.

  2. Marubozu

    Roy, you can find the PE ratio from Financial Report of SharesInvestor. However, you need to subscribe for the service.

Leave a Reply