51JOBS: you're hired! upraded to bullish
Tech
Rating: 2
Upgraded from -2
Divergence: There have been no divergence signals within the last 5 periods.
Upgraded from -2
With the recent across-the-board upturn in the
GURU technical indicators going against the call from short term, mid term and
long term GURU exponential moving averages, JOBS is either going to pop or flop
soon. With volume trending up on the past three uptick days vs. the uneventful
June 10th and 11th trading days, it looks like several
traders/investors are betting on the pop.
Price and moving averages:
JOBS(51 Jobs) has closed above its short term
moving average.
Short term moving average is currently below
mid term, and below long term moving averages.
Mid term moving average is currently below long
term
The relationship between price and moving
averages is: neutral in short term, and bearish in mid-long term.
Bollinger Bands:
JOBS(51 Jobs) has closed below upper band by
7.4%.
Bollinger Bands are 51.7% narrower than normal.
The narrow width of the bands suggests low
volatility as compared to JOBS(51 Jobs)'s normal range. Therefore, the probability of volatility
increasing with a sharp price move has increased for the near-term. The bands
have been in this narrow range for 4 bars. The probability of a significant
price move increases the longer the bands remain in this narrow range.
CCI is now in positive range at
150.04 and our GURU CCI gave a buy indication 2 trading days ago.
MACD
Crossovers:
Currently MACD is bullish
since it is trading above its signal line.
MACD crossed above its signal
line 10 period(s) ago.
Since MACD crossed its moving
average, JOBS's price has increased 4.28% and has ranged from a high of 64.21
to a low of 59.00
Overbought/Oversold: MACD is not in an
Overbought/Oversold range.Divergence: There have been no divergence signals within the last 5 periods.
Tech ratings are 3 to -3 indicating bullish to
bearish; a zero is neutral to cautionary.
This commentary is not a recommendation to buy
or sell. Use at your own risk.
Disclosure: the firm does not currently hold a
position in this stock and has no plans to create a long or short position over
the next 5 business days.
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