OBJ Limited (ASX:OBJ) Headed Over 7c

OBJ Limited (ASX:OBJ) Headed Over 7c

OBJ Limited (ASX:OBJ) Headed Over 7c

This company is a consistent under-performer but momentum is pointing at it hitting 7c, after that there is lots of talk that things are about to change BUT at 7c put some in the bank.obj

Growth Rates

Company industry sector
Sales (MRQ) vs Qtr. 1 Yr. Ago 3.18 384.75 14.88
Sales (TTM) vs TTM 1 Yr. Ago -14.15 97.35 7.62
Sales – 5 Yr. Growth Rate 11.33 25.83 10.46
EPS (MRQ) vs Qtr. 1 Yr. Ago -100.00 -31.23 -277.59
EPS (TTM) vs TTM 1 Yr. Ago -60.59
EPS – 5 Yr. Growth Rate 8.73 11.08
Capital Spending – 5 Yr. Growth Rate 28.04 24.83 13.43

OBJ LTD FPO closed down -0.000 at 0.056. Volume was 75% below average (consolidating) and Bollinger Bands were 11% narrower than normal.

Open High Low Close Volume___
0.057 0.058 0.056 0.056 302,501

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 0.05 0.05 0.07
Volatility: 51 56 61
Volume: 734,410 1,044,434 1,291,543

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

OBJ Limited is an Australia-based company, which is engaged in the research and development of its dermaportation and estrogen transdermal patch (ETP) transdermal drug delivery technologies. It develops magnetic, micro-array drug and ingredient delivery technologies. It provides partnering services and product solutions for technologies in transdermal and intra-dermal drug delivery; therapeutic and dermatological skincare; cosmetic and non-medicinal active ingredient with a special focus on anti-aging and peptide delivery; oral health strips, toothbrush technologies and mouthguards; haircare solutions utilizing brushes and applicators; industrial surface interface systems; fabric and carpet cleaning technologies, and surface hygiene technologies. It operates skin labs and provides in-vivo and ex-vivo formulation profiling, skin penetration and partitioning services, including in-vivo tape stripping, accumulation and flux analysis and ex-vivo full thickness diffusion and partitioning.

Summary

OBJ LTD FPO is currently 14.3% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of OBJ.AX at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on OBJ.AX and have had this outlook for the last 3 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 81.5790. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 9 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 60.74. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 43 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 162.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 12 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 10 period(s) ago.

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S. Jack Heffernan Ph.D. Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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