Australian Stock Report - Share Tips
Share to Sell- Seven West Media (SWM)
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Publish date: Wed, 16 Apr 2014, 12:27 PM
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Our stock analysis blog provides information on stocks to watch and helps you figure out which are the best stock to buy. We use fundamental and technical analysis to identify the stocks tips that will supercharge your portfolio. We don't believe in choosing stock tips on rumours or hearsay. Our share tips use fundamental analysis, like price-to-equity ratios, cash flow analysis and net tangible assets, to identify the best share trading opportunities. We then use technical analysis, which is the study of price charts, to determine the best level to buy shares. We believe using the two school of investment analysis allows us the increase the chances of our share tips being successful.
The bias for Seven West Media (SWM) is firmly bearish.
As we have highlighted on the chart below, SWM has been in a downtrend for some time now, falling from around $2.60 in September to presently be trading around $1.90.
The shorter-term EMAs are crossed lower and the price action is below the longer-term EMA filter, which is negative.
It is also of note that since February, volumes have been increasing, rather than decreasing, which is symbolic of increasing downward momentum in the stock (often when a downtrend is weakening, we see lower volumes).
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