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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
#188()/6711

Fri 23'rd Feb 2018

PERIOD 2017-11-24 - 2018-02-23
CHANGE 0.85%
PRICE $23.60
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Blue Bird Corporation Stock Analysis

Technical stock analysis for Fri 23'rd Feb 2018

Shorts 8.28% ( 2018-01-31 )
Cash 174.6 mill
Loans 608.5 mill
Beta 1.10
ROA 7.62
Buy candidate since 2018-02-07 Gain 6.55%

Blue Bird Corporation gained 0.85% in the last trading day, rising from $23.40 to $23.60 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has risen in 7 of the last 10 days and is up by 2.61% over the past 2 weeks. Volume fell in the last day by -18 122 shares, and in total, 89 296 shares bought and sold for approximately $2.11 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

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Trend

Blue Bird Corporation lies in the upper part of a wide and strong rising trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $23.99 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 23.2% during the next 3 months and, with 90% probability hold a price between $25.34 and $29.56 at the end of this period.

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Signals

Only positive signals in the chart today. Blue Bird Corporation holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $22.90 and $20.81. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday February 15, 2018, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

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Relative Strength Index (RSI)

RSI14 is 67 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 $23.40. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

Support: $23.40 Price: $23.60

Risk

This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.48 between high and low, or 2.04%. For the last week, the stock has had a daily average volatility of 3.16%.

Since the Blue Bird Corporation has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: $22.61 (-4.18%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 5 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Blue Bird Corporation holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

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