Aug 8, 2006 -
LBIX has broken
down from a double top formation on high volume...
Leading
Brands, Inc. (LBIX) engages in the beverage and industry, and in the brand
management of food products.
Key
Information:
Fundamental:
Sector:
Consumer Goods
Industry:
Beverages - Soft Drinks
Liquidity:
Market
Capitalization: $80.60 million
Average daily
volume (3-month): 500 thousand shares
Closing Stock
Price: $5.29
Risk
Proxies:
52-week high /
52-week low: 8.34
Beta
(3-month): 1.82
Debt/Equity:
0.71
Profitable:
No
This stock is
very risky! If you decide to trade it, please use appropriate position
sizing!
Valuation:
Price/Sales:
2.02
Price/Book:
6.55
Price/Earnings:
Negative
Price/2008
Analyst Earnings Estimates: Negative
Expected
Trade Time Horizon: Two weeks
Analysis
LBIX has
broken down from a double top formation on high volume; the rise that preceded
the double top formation was associated with negative money flow, suggesting
institutional sales. The confluence of the two bearish signals leads us
to have a negative outlook.
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Key
Levels
Short:
Market
The stock
broke down from a double top formation
Stop Loss:
5.56
A 5% stop
Target:
3.76
Above the gap,
and above the technical target [= 5.30 - (6.90 - 5.30) = 3.70]
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