Stock in Focus: Splash Corporation (SPH)

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Industrial company Splash Corporation (stock symbol: SPH) has seen some generous trading activity after the 2.00 level gave way on September 18.

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Philippine Stock Exchange, Splash Corporation_SPH Daily chart, October 3, 2014

SPH Daily chart, October 3, 2014

The MACD Oscillator (MACD-O) has followed price higher during the run-up but it has ebbed down while price stays close to its recent highs.

The recent high of Splash Corporation at 2.25 has never been broken since price jumped through 2.00. We could see some bout of consolidation around 2.00 in the coming weeks and months. But if SPH decides to move again soon, I expect the 2.50-3.00 area to be the next short-term battleground. If you like this stock, you should monitor that 2.00 area and you should be careful in putting a significant part of your funds here (since SPH has low market cap and trading activity).

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