[BULLISH]: Bellamys Australia Elder Ray Index is signalling a Bullish movement
A technical indicator developed by Alexander Elder that measures the amount of buying and selling pressure in the market. This indicator consists of two separate indicators known as bull power and bear power. These figures allow a trader to determine the position of the price relative to a certain exponential moving average (EMA).
Calculation: Elder Ray Index (ERI):
1) Bull Power = Daily High - n-period EMA;
2) Bear Power = Daily Low - n-period EMA;
PROFILE: Bellamys Australia (BAL.AX)
Stock Exchange: ASX
Company: Bellamys Australia
Ticker Codes: | BAL.AX | ASX:BAL |
Bellamy's Australia Limited produces and markets organic foods and formula products for babies, toddlers, and young children. The company offers formula and toddler milk drinks, cereals and rusks, pastas, snacks, and ready to serve baby foods, as well as powdered milk products. Bellamy's Australia Limited sells its products to retailers and other resellers in Australia; distributors and customers through third party Websites in China and Hong Kong; and other distributors and retailers in South East Asia. The company was formerly known as Tasmanian Pure Foods Limited and changed its name to Bellamy's Australia Limited in June 2014. Bellamy's Australia Limited was founded in 2004 and is based in Launceston, Australia.
Elder Ray IndexDownload
|EMH European Metals Holdings||0.4||12.9||50,755||0.03||BULLISH|
|KDR Kidman Resources||1.17||8.3||6,199,530||0.02||BULLISH|
|RMS Ramelius Resources||0.5||7.5||3,500,339||0.03||BULLISH|
|CNI Centuria Capital||1.39||6.1||207,220||0.06||BULLISH|
|FET Folkestone Education||2.97||5.3||499,659||0.01||BULLISH|