Hi! John - re:PHCM
Split check:
Announced Oct 08, (ex Nov 15.) when the share was at 218 (before split), but in the middle of the bubble.
My guess for another split: hard to say, but I expect no announcement before share shows some strenght (steeper upward channel and printing >$200).
As per Jun 2000, 250 mil shares authorized, 83 mil outstanding plus options rights= a little over 100 mil.= room for a 2:1 split without the need of a proxy.
Technically:
resisted well to the Naz slump: made it's low in Apr as everybody, and quotes rangebound from then on.
Range for next dys is about: 82-122.
Three months range: 90-126.
I would expect the price to be in the 90ies before resuming uptrend (or break down).
Although you are correct for resistance support (I have 101-106) which also is the 3 months regression line. And the 200 DMA (103) above which the share is ricing again.
Also, shares seem to react on news and is used to gap up, only to ease in the next days.
50 DMA is a more significative support to watch, IMHO, either for a rebound, or for a cross with the 200 DMA.
But, WTH, this is a merket for shares. |
