Transfield Services (TSE): The winner of the week

Submitted by Marco on 12 June, 2006 - 20:52

Transfield Services (TSE) Stock Price Chart

Transfield Services (TSE) is the winner of this week closing the week at $8.17 up 8 per cent on the back of a $372 million dollar US acquisition. If you believe in watching volume and any share price jumps in relation to the days volume you may observe that on Monday Transfield saw a peak in volume above the Moving Average. Then the following three days were volatile, with Friday seeing a spike above the resistance point around $7.85. Although another factor to observe is the lack of volume the previous Friday and Thursday all the while charging up and above the 50 and 200 day Exponential Moving Average (EMA) – the blue and the red line respectively. Transfield Services is listed on the Australian Stock Exchange (ASX) under stock code TSE. Check your charts!