Australia Stock Alert

AUSTR

CLOSING UPDATE: Kangaroo Resources hits 52-week high ninth time in one month August 17, 2018 16:00:00 AEST

NEWS BITES - AUSTRALIA

This is an end of day Alert, produced after today's Australian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).

Kangaroo Resources, Australia's 52nd largest materials company by market capitalisation, hit a 52-week high of 13.50c today for the ninth time in the past one month and last traded at 12.50c. Trading volume was 25.6 times average at the end of the day. Compared with the All Ordinaries Index which rose 13.6 points (or 0.2%) in the day, this represented a relative price increase of 40.2%.

Technical indicators complementing today's significant uptrend:

+ The stock has outperformed 99% of the Australian market over the past 6 months.

+ In the last one month the stock has hit a new 52-week high nine times and in the last three months eighteen times, pointing to a significant uptrend.

+ The price soared 37.4% in the last week and 78.6% in the last month.

+ The present value of AUD1,000 invested one year ago is $A4,167 [vs $A1,103 for the All Ordinaries Index].

Note

Kangaroo Resources today is at a discount of 7.4% to the 12-month high of 13.50c on 17 Aug, 2018. It is at a premium of 681.2% to the 12-month low of 1.60c on 21 Feb, 2018.

Bearish Signals:

Tobin's Q Ratio is 2.1. Compared with the rest of the market the stock is overvalued.

Fundamental measures by comparison with the sector average [in brackets] indicate:

Overvaluation:

Price to Book of 3.7 [2.6]

TODAY'S ALERTS

Afternoon Alert: Kangaroo Resources hits 52-week high ninth time in one month

August 17, 2018 13:00:00 AEST

Kangaroo Resources Limited (ASX:KRL) hit a 52-week high of 13.50c today for the ninth time in the past one month and last traded at 12.50c.

Morning Alert: Kangaroo Resources hits 52-week high ninth time in one month

August 17, 2018 11:00:00 AEST

Kangaroo Resources Limited (ASX:KRL) hit a 52-week high of 13.50c today for the ninth time in the past one month and last traded at 12.80c.

RECENT ALERTS

CLOSING UPDATE: Kangaroo Resources increases 1.1% - outperforming 95% of stocks

August 14, 2018 16:00:00 AEST

Kangaroo Resources, Australia's 58th largest materials company by market capitalisation, has increased 0.10c (or 1.1%) today to trade at 9.10c and has outperformed 95% of the market in the past month. A price rise combined with a high relative strength is a bullish signal. Compared with the All Ordinaries Index which rose 44.9 points (or 0.7%) in the day, this represented a relative price increase of 0.4%.

Morning Alert: Kangaroo Resources hits 52-week high ninth time in one month

August 14, 2018 11:00:00 AEST

Kangaroo Resources Limited (ASX:KRL) hit a 52-week high of 9.50c today for the ninth time in the past one month and last traded at 8.80c.

Kangaroo Resources Limited (AU:KRL; ASX:KRL; AX:KRL)

ISIN: AU000000KRL3

PermID: 4295858678

Source: www.BuySellSignals.com