Adelaide Brighton Ltd, Australia’s fifth largest Construction Materials company by market capitalisation, added 7c (or 3.1 per cent) to AUD2.34. Compared with the All Ordinaries Index which rose 190.3 points (or 4.8 per cent) on the day, this represented a relative price change of -1.7 per cent. The volume was 0.5 times average trading of 1,072,643 shares. The stock rose for a fourth consecutive day on Monday bringing its four day rise to 19.0c or 8.8 per cent.
Volatility: The stock traded between an intraday low of AUD2.23 and three-day high of AUD2.34.
Moving Average Price: The price to 200-day MAP ratio is 0.69, a bearish indicator. In the past 200 days this ratio has been under 0.69 just five times suggesting a support level. The stock is trading below both its MAPs and the 50-day MAP of AUD3.08 is lower than the 200-day MAP of AUD3.40, a bearish indicator. The 200-day MAP has decreased to AUD3.40. A decrease is another bearish indicator.
Relativities: Today its percentile rank in the Australian market was 62. In the Australian market of 1847 stocks, the stock has a 6-month relative strength of 61 which means it has outperformed 61 per cent of the market.
Volume and Turnover Period: There were 563,165 shares worth AUD1m traded. The turnover rate in the 12 months to date was 48.6 per cent (or a turnover period of 2 years 22 days). This average length of ownership of the stock at 2.3 times the average holding period of 10 months for stocks in the S&P/ASX 200 Index suggests a larger number of core investors, making a long-term investment safer.
Percentage Discount to High: The last price is at a discount of 40.3 per cent to the 12-month high of AUD3.92 four months ago on 01 Jul, 2008.
Percentage Premium to Low: The last price is at a premium of 13 per cent to the 12-month low of AUD2.07 six-days ago on 28 Oct, 2008.
Volume Weighted Price: The price is at a discount of 9.3 percentage to the one month volume weighted average price of AUD2.58, which may appeal as a value proposition.