Australian Stock Report - Share Tips
Share to Sell - Mermaid Marine (MRM)
share-tips
Publish date: Mon, 03 Nov 2014, 09:51 AM
share-tips
0 1,810
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.
Mermaid Marine Australia Limited provides diversified marine services. The Company operates mainly in the Dampier and North West Shelf in
Western Australia and also in the Northern Territory. Mermaid operates crew vessel charters, vessel manning, management and logistics along with operating supply base facilities.
MRM has been in freefall since early September when it topped out around $2.40.
The stock was sold off in line with the market rout that month, but crucially failed to participate in the October rebound.
This indicates underlying weakness in the share price, and with the three EMAs crossed lower the bearish momentum appears strong enough to drive further price declines.
The price action collapsed through a key support level around $1.95 last month, only to then rotate higher and confirm this level as new resistance.
MRM has turned down once more and is threatening to break below the next support level at $1.78.
The post Share to Sell – Mermaid Marine (MRM) appeared first on The Best Shares to Buy.
Related Stocks
| Chart | Stock Name | Last | Change | Volume |
|---|
Market Buzz
More articles on Australian Stock Report - Share Tips
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Apps
Top Articles
1
2
#
Stock
Score
Daily Stocks
Stock
Last
Change
Volume
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
