WPI price then made a double bottom pattern. Actually this is not great double bottom, because its not shaved in very deep downtrend. It is shaved in a mild correction.
Now it’s been 2weeks WPI mad a small consolidations with narrow range at $64.5 to $66.5. after made double bottom pattern. Now Volume, stochastic and MACD has made a good sign. We are waiting for index to make WPI breaks this 2 weeks flat formation and the price soars at least untill the resistance $73.5 at fibo 100%.
WPI Key financial ratios
| Q3 (Sep '11) | 2010 | |
| Net profit margin | 6.26% | 5.14% |
| Operating margin | 12.93% | 8.55% |
| EBITD margin | - | 16.45% |
| Return on average assets | 4.18% | 3.13% |
| Return on average equity | 7.85% | 5.85% |
| Employees | 6,030 | - |
WPI Stock Price chart
please LIKE one of buttons below if the article interesting
