Stock in Focus: Universal Robina Corp. (URC)

FacebookPinterestPrintEmailShare this!

Numerous gapping actions have been seen in the stock of Universal Robina Corporation (stock symbol: URC) in recent days. Price has been clinging close to the 140 psychological level, but the difference now is that we have seen a break of the ascending trendline (which has served as a line in the sand since early February).

Index stocks and non-index stocks are analyzed once every 2-4 months — all for free.

Premium subscribers will receive monthly analyses of 30 PSE Index stocks (PLUS a dozen or so more other stocks), 4 Quarterly PSEi analyses AND 4 weekly PSEi analyses each month. Get updates and post your comments on this page (click here)

Universal Robina Corp_URC Daily chart, March , 2014

URC Daily chart, March 18, 2014

The Money Flow Index (MFI) has trekked lower after stagnating for several days.

Now that URC is past the 130-135 price target mentioned in my previous post, the challenge is for buyers to retain control of this stock. (Do you think URC will reach 160-200 this year? :) )

Expect a decent retracement in price if bulls will not be able to take control of 140. Preferably, declines would stay above the 120-125 area.


Submit a Comment

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>


Forgot Password?

Join Us