D&L INDUSTRIES, INC. (DNL) closed July 21, 2014 at PHP10.80 per share, which is PHP0.56 or 5.47% higher than its closing price last July 18, 2014.
RSI: 71.94 – already considered expensive
P/E: 22.30 – already considered expensive
Volume: The trading volume for the past six (6) trading days has been consistently on an upward trend. The closing share price has been outperforming the previous trading day’s closing share price for three (3) consecutive days already.
Current Share Price: PHP 10.80
DNL has set a new high for the past two (2) years, which makes PHP10.80 per share as the new resistance.
Action Plans You May Consider
You may want to HOLD your position for now until the correction that may happen any time soon. Just because you’ve seen DNL going upward for the past three trading days doesn’t mean it’ll go bullish automatically by the next trading day. Take note that when a dramatic rise happens, a foreseeable correction may happen any time soon. You may want to wait for a crossover to minimize risk.
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