Ray: I am by no means an expert at TA. Here is what I see with UNIV:
On Friday Oct 3rd the stock jumped up in price on VERY heavy volume. On Monday Oct 6th UNIV had 4 pieces of news and the stock dropped on equally heavy volume. Since Monday, the volume has returned to its normal low levels.
Looks like many, on friday, were alerted to the news and bought on the rumor and sold Monday on the Fact.
It looks to me like , if the company should have more good news it might break 1 1/2. Does not look like a real easy thing to do, but possable.
I noticed that most everytime they report good sales numbers, the price shoots up and then falls back.
The company has a relitively small float( not real small but small enough ) so any increase in volume will move the stock fairly easyly.
They are lossing money like no ones business.
Profit margin is MINUS 7.7%
Return on Assets and equity is VERY BAD!!
They have little Cash
Two bright spots: Book value is higher then the stock price and the Christmass shopping season is coming up.This might add some short term gain to the stock, and it may not.
They have had some sales increases but the losses cont. to mount.
13 Institutions hold only 6.4% of the stock
Their total return for the last 12 months, 3 years, 5 years have all been in the minus 57 to minus 67& range
Their Assets are shrinking,, their long term debt is growing
I see no insider buying.
Gezz.. How much further would you like me to go?
If you want to buy a stock to hold for a long time and hope for a turn around, this could be it.
I like my stocks to move NOW, and not hold for months hoping for something that may never happen.
Ok, now that I have said all that. It will probably double tommorow and prove me wrong. LOL
I think I took a quick look at this stock several days ago and saw no good reason to own it. The jump in stock price and volume was a two day event and produced no real gain.
Ok, what am I missing? Over sold?
One other thing about over sold and over bought, Sometimes there are good reasons for both.
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