Surewest Communications has hit a technical signal on 3 different technical indicators. SURW is in the Public Utilities sector. The technical signals indicate that the stock is Overbought right now. The 3 indicators: Commodity Channel Index, Relative Strength Index and the Fast Stochastics were all triggered based on the last closing price of $22.67 on Mar 8.
There are currently 5 analysts covering the company. Of these analysts, 4 have a buy recommendation. The current consensus estimate for quarterly earnings among the 5 analysts covering the stock is $0.06 per share. Last quarter the company earned $0.06 per share. The consensus estimate for this years earnings is $0.08 per share as compared to the next years? expectation, of $0.41 per share. The consensus estimate for next years earnings is $0.41 per share, which represents forecast growth of 412.5%.
Over the last 52 weeks, the stock has been trading between $9.12 and $22.81. More recently in the last 4 weeks, the stock has been trading between $22.32 and $22.72. Yesterday the stock traded between $22.58 and $22.71. The stock currently has a PE ratio of 65.5.
Surewest Communications is trading 0.7% from its 20-day simple moving average (SMA) of $22.51 and 29.1% from its 50-day SMA and 63.48% from its 200-day SMA. Average daily volume over the last 30 days has been 123,037 shares.
At yesterdays close: the RSI was at 82.1, the CCI was at 236.9 and the Fast Stochastic was at 89.7. SURW closed yesterday at $22.67, on volume of 50,000 shares as compared to an average volume of 123,037 over the last 4 weeks.
SureWest Communications, through its subsidiaries, provides telecommunications, digital video, Internet, data, and other facilities-based communications services in northern California, the greater Kansas City, and Kansas and Missouri areas. The company offers broadband services comprising data, video, and voice services to residential and business customers. Its video services include access to approximately 310 channels; video on demand (VOD) service; and premium VOD channels, music channels, and an interactive, on-screen program guide. The company also offers voice over Internet protocol (VOIP) digital phones, traditional circuit-switched voice, and high-speed Internet access services. In addition, it offers business communications services comprising fiber-optics-based high-speed Internet, customized data and Ethernet transport services, data center and disaster recovery solutions, traditional landline and VoIP phone services, wireless backhaul, and digital TV services to small, medium, and large business customers. As of March 31, 2010, the company offered broadband services to approximately 104,900 residential subscribers and approximately 7,800 business customers. Additionally, it provides a range of telecommunications services consisting of traditional circuit-switched voice services, long distance services, and various lightly-regulated or non-regulated services, as well as wholesale access services. The company was founded in 1914 and is based in Roseville, California.
Technical Indicators should be used as the starting point for further analysis. These indicators are provided as a guide to help you determine what assets to analyze. The technical indicators used in this article can indicate that an asset is either overbought or oversold, but that indication could be the result of a fundamental or other type of event like an earnings announcement.
To learn more about technical analysis, please refer to our technical analysis primer.
Source: http://www.marketrumblings.com/2012/03/surewest-communications-surw-overbought/
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