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Sunday, August 10, 2008

August 2nd week Stock Watch


MPI
METRO PACIFIC INVESTMENTS CORPORATION:
After a double bottom the price of MPI stock closed last friday at 4.20 from only 3.50 last monday, and with 2M+ heavy volume for last thursday and friday trade. The 4.15 resistance have also been breached, MACD is bullish and RSI is nearing 70 at 67.5.

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BPC
BENPRES HOLDINGS CORPORATION:
BPC has just broke the 1.40 resistance last thursday with a heavy volume of 138M+ of trade and close last friday at 1.62. MACD is bullish and RSI is now hovering above 70 at 72+ range.

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PSE
THE PHILIPPINE STOCK EXCHANGE, INC. :
PSE has just broke the 690 resistance last friday to close at 695 but the downside is the very low volume of only 2,030 far from the last wednesday volume of 135k when it broke the 660 resistance. MACD is bullish, and RSI at 65+.

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