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.

Share to sell

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.

Invest. Trade. Learn. Free 14 day trial

The post Share to Sell – Mermaid Marine (MRM) appeared first on The Best Shares to Buy.

Related Stocks
Market Buzz
Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment