Balfour beatty

[picer]

I am eye balling Balfour beatty, I am thinking, increasing/recovery in construction, also just about everythink this company is involved should benefit, (http://www.balfourbeatty.com/bby/markets/)

the technicals also look good ( I think), it made a higher low, and has broke through some MA, so is my analysis correct?, I am a newbie

 

[Dentalfloss]

have you got a traget and a stop..??

 

[Dentalfloss]

daily data
a bullish chart
imho

 

[Dentalfloss]

looks to be at a res now
check to see if its outperforming the ftse 100 index
that is usually a good sign
a relaive strength chart against the ftse 100

 

[picer]

I do not understand regarding your second post with bullish chart, it's moving up but what other than that suggests its bullish, Im new to technical analysis charting, also why would I do a BBY vs a FTSE 100?

Thanks for responding so fast though

 

[Dentalfloss]

a better veiw.this is a one box reversal chart
daily data.box size is 4 p
you can see the res area quite clearly
the oyherlies are support areas.stop should be one box under the support area,which ever one you choose.the chart on the right is a relative strength against the ftse 100 index.the stock is not yet outperforming the index.once it breaks res,then maybe it could
hope this helps.
do u have a time target for the trade..??

 

[picer]

Ok your first chart was helpful, I did not understand the right one ( I use lines) but i compared the graphs of the bby and ftse 100 and I can see they seem to go up and down in similar places. But why should I compare the RSI of both?

Also I have time period of about 3-6 months, longer if it's trending.

 

[Masquerade]

Out of interest, did you go through the Preliminary results for 2009?

 

[picer]

I flicked through they seemed good, why were their any howlers in there?

 

[Masquerade]

I didn't look in much detail, they seemed fairly good from what I saw and seeing as they've been out for a few days and they haven't dived on it, the market would appear to think they're ok too. Just always something to be aware of with equities about any announcements/results/trading statements that may be due or released.

 

[picer]

They have taken over quite a few small companies so I would hope they pay off, but I bet PPP is completly ****ef when the conservatives get in power, we have cuts for 5 years under either govt, so I'll investigate their PPP exoposure further could be disastrous.

 

[Dentalfloss]

results today
great call picer
keep up the good work

 

[picer]

Thanks , I am only 17, so once I get my self out of my value stock, or I make a grand in the summer holiday, i'll probably do some technical analysis+fundamental at university. I will study Economics @ York. But back to revision for me now....... eugh

 

[mrleepsmith]

Bit sluggish through the 200ma and did stall a bit. Fibonacci retracements might help plan a move.

 

[mrleepsmith]

Ok your first chart was helpful, I did not understand the right one ( I use lines) but i compared the graphs of the bby and ftse 100 and I can see they seem to go up and down in similar places. But why should I compare the RSI of both?

Also I have time period of about 3-6 months, longer if it's trending.

Why would you use the RSI in a trending stock?