Stock in Focus: APC Group (APC)

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Despite the occasional gap ups and downs, APC Group Inc. (stock symbol: APC) has traded in narrow trading bands in the past several months.

In the last two weeks, the stock has reached an equilibrium price around 0.60, and it is poised to break the short-term descending trendline, in line with the bullish Commodity Channel Index (CCI) which is now above the +100 level.

If this trendline breaks, the next resistance awaits at 0.80 and then 0.95-1.00. On the other hand, a break of 0.60 would subject APC to a risk of revisiting the 0.40s (last seen in late-2011).

Philippine Stock Exchange_APC Daily chart, March 3, 2014

APC Daily chart, March 3, 2014

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