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APEX TANNERY
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FUNDAMENTAL DATA:
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CATEGORY:     DA
FV:     100.00
ML:     10
NAV:     562.52
EPS:     81.02
EPS(2009):     98.18
EPS GROWTH:     -17.48
NPAT:     142.85
NPAT(2009):     149.63
NPAT GROWTH:     -4.53
LAST TRADE PRICE(03-02-2011):     1543.25
P/E:     19.05
PRICE/NAV:     2.74
ROE:     14.40
AUTHORISED CAPITAL:     500.00
PAID UP CAPITAL:     152.00
PUBLIC CAPITAL:     47.24
LDIV:YEND:     25% : 610
RTAG:     HY


Comment:
Fundamental Strength:MEDIUM


TECHNICAL ANALYSIS
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Price and moving averages:
APEXTANRY has closed below its Short time moving average.
Short time moving average is currently below mid-time, AND below long time moving averages.
The relationship between price and moving averages is: bearish in short-term, and neutral in mid-long term.

Bollinger Bands:
APEXTANRY has closed above bottom band by 35.5%.
Bollinger Bands are 76.5% narrower than normal.
The narrow width of the bands suggests low volatility as compared to APEXTANRY's normal range.  Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The bands have been in this narrow range for 22 bars. The probability of a significant price move increases the longer the bands remain in this narrow range.

RSI
The current value for the RSI15 is   45.111
The RSI is not currently in a topping (above 70) or bottoming (below 30) range.
Failure Swings (also known as support or resistance penetrations or breakouts):The RSI does not currently show any Failure Swings.
Divergence:
The RSI and price are not diverging.

MACD
MACD Value:  -47.091, Signal Line:  -57.181
Crossovers:
Currently the MACD is bullish since it is trading above its signal line.
The MACD crossed above its signal line 6 period(s) ago.
Overbought/Oversold:
The MACD is not in an Overbought/Oversold range.
Divergence:
There have been no divergence signals within the last 5 periods.

CAUTION: This commentary is not a recommendation to buy or sell. Use at your own risk.