There are some interesting developments for Beach Energy (BPT) taking place.
The Relative Timing (RT) indicator – our short term price indicator on a scale of zero to 2 is now above 1 for Beach Energy. A RT value above 1 and rising is always a good indication of continued short term price momentum. The RT indicator for Beach Energy broke above 1 on the 17th of July (with the price at 64 cents and RT is now at 1.31 as of 27 September with the price at 82 cents). I see too that this stock is undervalued. Also note the up tick in earnings as well. Check the graph per below – I have taken a screenshot from VectorVest for Beach Energy. The trading halt gets lifted on 2 October – just one I am watching out of interest. I include the recent post in Bloomberg on Beach Energy for those interested:
(Click on the image above to enlarge it)
Please note – this is not to be taken as financial advice – please speak to your financial professional if you require advice.