I think pair will be above 10 before the end of march. Take a look at the 2 year chart for a better perspective. Since things are pretty much neutral for pair, with regards to good/bad news, nothing really big to influence the stock, I see no reason it wouldn't keep up its pattern of rolling below and above the 10 mark. It's been doing it since september last year, and I don't see any reason it won't be above 10 by april, just from extrapolating from the pattern it has made for itself. I thought it would go below 8 again, but at this point, it looks like it may be starting its upswing. If it does, it may be the beginning of an uptrend. Of course this is only my opinion, what i see from the chart, so if anyone has anything to add or take away, please, feel free to.
Cheers,
Mike
PS P/E is near all time low right now. Wasn't this low starting out. |
