Stock in Focus: Phil. Seven Corp. (SEVN)

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7-Eleven operator Philippine Seven Corporation (stock symbol: SEVN)  has been plagued with nothing but weakness since the all time high was set on August 2013 at 150.

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Philippine Stock Exchange, Philippine Seven Corp_SEVN Daily chart, September 5, 2014

SEVN Daily chart, September 5, 2014

SEVN has been pretty much flat for a year now, and all diagonal movements have been to the downside.

90 is a major line in the sand for SEVN. Bulls would rather see a move north to break 100, than a repeat of price action in recent months. A move toward 70-80 is a huge favor for bears.

The Moving Average Convergence Divergence (MACD) has rolled over as price fails to move up and away from 90.

TP’s Advice: Be careful of this stock.

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