AYALA CORPORATION (AC) closed the market today, July 22, 2014, at PHP 661.00 per share, which is PHP0.50 or 0.08% lower than the previous trading day’s closing index of PHP661.50.
RSI: 56.91 – still considered inexpensive
P/E: 25.91 – already considered expensive
Volume: The volume increased today, but profit-takers outperformed buyers.
Current Share Price: PHP 661.00
Support: PHP 643.00
Resistance: PHP 674.00
If the selling rally continues tomorrow, the signal line may kiss MACD to form a red crossover.
Action Plans You May Consider
HOLD your position. With an almost insignificant downward movement of the share price of AC today, it’s just right to closely monitor any significant upward or downward movement on AC’s share price tomorrow.
If you don’t have AC, but you’re planning to enter a position, HOLD it for now until a clear crossover is formed on the MACD.
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