BLBD - Blue Bird Corporation

Industry: Auto Manufacturers - Major Sector: Consumer Goods Exchange: NASDAQ

BLBD - Blue Bird Corporation

Industry: Auto Manufacturers - Major Sector: Consumer Goods Exchange: NASDAQ
#6876()/7561

Tue 14'th Aug 2018

PERIOD 2018-05-15 - 2018-08-14
CHANGE -1.15%
PRICE $21.45
VOLUME
Sell
TREND
Hold

MV LONG
Sell

MV SHORT
Sell

PIVOT
Sell

MACD
Sell

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Blue Bird Corporation Stock Analysis

Technical stock analysis for Tue 14'th Aug 2018

Sell candidate since 2018-08-10 Loss -3.38%
Shorts 8.88% ( 2018-07-31 )
Cash 85.8 mill
Loans 300.6 mill
Beta 0.96
ROA 6.10

Blue Bird Corporation fell by -1.15% in the last day from $21.70 to $21.45 and has now fallen 4 days in a row. The price has fallen in 8 of the last 10 days and is down by -4.88% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -34 038 shares and in total 55 662 shares bought and sold for approximately $1.19 million.

Trend

Blue Bird Corporation has broken the wide and strong rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at $21.76. A reaction back to this level may hold a second chance to get out before further falls.

Click here for today's Top 5 Trending Companies

Signals

There are few to none technical positive signals at the moment. Blue Bird Corporation holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $21.81 and $22.46. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Thursday August 09, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 37 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Blue Bird Corporation finds support from accumulated volume at $20.75.

Support: $20.75 Price: $21.45 Resistance: $22.30

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

The Blue Bird Corporation stock holds several negative signals and despite the positive trend we believe Blue Bird Corporation will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Sell Candidate

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BLBD $21.45 $-0.25(-1.15%)
BLBD is down $0.25 today, but where's it headed in September?
Zacks Investment Research is releasing its prediction for BLBD based on the 1-3 month system that more than doubles the S&P 500.

Click here – the BLBD analysis is free »
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