BOUGAINVILLE COPPER WEAKENS BELOW MOVING AVERAGE PRICE (MAP), WITH 50-DAY MAP TRAILING 200-DAY MAP April 16, 2008 16:00:00 AEST
Bougainville Copper (BOC), Australia's 3rd largest Copper company by market capitalisation, has dropped below its trend. The 200-day moving average price (MAP) was $1.04. The price to 200-day MAP ratio is 0.92, a bearish indicator. In the past 200 days this ratio has been under 0.92 forty-six times suggesting further downside. The 50-day MAP of 87.45c is lower than the 200-day MAP of $1.04, another bearish indicator. The stock fell for a third day on Wednesday. The share price fell 3.0c (or 3.1%) to 95.0c. Compared with the All Ordinaries Index which rose 68.7 points (or 1.3%) on the day, this represented a relative price change of -4.3%.
PRICE VOLUME DYNAMICS Volatility: The stock traded between an intraday high of $1.03 and a four-day low of 95.0c. This suggests a trading opportunity between peaks and troughs. Moving Average Price (MAP): In the last three months the number of falls outnumbered rises 32:21 or 1.52:1. Relativities: Since open its percentile rank in the Australian market was 16. In the Australian market of 2,091 stocks, the stock has a 6-month relative strength of 72 which means it has outperformed 72% of the market. Volume and Turnover Period: There were 50,322 shares worth $50,811 traded. The volume was 1.03 times average trading of 49,002 shares. The turnover rate in the 12 months to date was 3.1%. This average length of ownership of the stock at 30.5 times the average holding period of 1 year 25 days for stocks in the S&P/ASX 200 Index suggests a larger number of core investors, making a long-term investment safer. % Disc to High and % Prem to Low: The last price is at a discount of 51.0% to the 12-month high of $1.94 and a premium of 34.8% to the 12-month low of 70.50c. Volume Weighted Price (VWP): The price is about the same as its 1-month volume weighted average price of 96.63c. Beta is 1.3.
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