VF Mobile

Eros International - All Time High

Topic: Stock Price Movements — Technical Analysis
Jul. 27 2015, 8:07 PM ET - by VF member vanmeerten (903 gold star (click for information on feedback))

Eros International - All Time High --

The Chart of the Day belongs to Eros International (EROS). I found the Indians language film stock by using Barchart to sort today's All Time High List for the stocks having the highest Weighted Alpha, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy in 5/15 the stock gained 100.28%.

Eros International Plc co-produces, acquires and distributes Indian language film content across multiple formats globally, including theatrical, television and digital channels. It distributes Indian-made films, known as Bollywood movies, in the United Kingdom, United States, Australia, the United Arab Emirates, and India. The Company releases Indian films that are subtitled or dubbed in local languages to Germany, Poland, Russia, Indonesia, Malaysia, Taiwan, Japan, South Korea, China and Arabic speaking countries. Eros International Plc is based in Douglas, the United Kingdom.

The status of Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

96% Barchart technical buy signals
Weighted Alpha 193.60+
Trend Spotter buy signal
Above its 20, 50 and 100 day moving averages
13 new highs and up 46.68% in the last month
Relative Strength Index 77.86%
Barchart computes a technical support level at 33.63
Recently traded at 35.79 with a 50 day moving average of 24.46

Fundamental factors:

Market Cap $ 1.08 billion
P/E 45.97
Revenue expected to grow 15.40% this year and another 20.70% next year
Earnings estimated to increase 38.00% this year, an additional 37.80% next year and continue to increase at an annual rate of 15.00% for the next 5 years
Wall Street analysts issued 3 strong buy and 1 buy recommendation on the stock

The 50 day moving average vs. the price has been an effective technical trading strategy on the stock.


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Eros International - All Time High