After a 3-month downtrend, CNPF shows a sign of reversal after it crosses the 50MA with above average volume. Be careful though since the tuna fishing ban could affect its quarterly earnings. Long term projection is still good though due to its strong year-on-year growth.
October 22, 2016:
-Signs of reversal: price crossed 50MA
-Volume: increasing; indicates buying pressure
-RSI: needs to find higher low
-Stochastic: approaching oversold levels; could indicate pullback
Click on the CNPF tag below to check out other posts regarding CNPF.