NeraTel after hitting the low of 53 cents on 6th Apr 2016 and had managed to trend higher to touch 58.5 cents on 12th Apr 2016. This is rather bullish.
The current price of 57.5 cents is hovering above the SMA line which is rather positive.
Also both Macd & Rsi are still trending upwards which may provide further indication that the share price may continue to trend higher.
Short term wise it may continue to trend higher to re-visit 58.5 cents. Crossing over of 58.5 cents with ease + good volume that may drive the share price higher towards 61 cents with extension to 65.5 cents.
The company pay twice dividend of 2.5 cents in Aug & 1 cent in May. A total of 3.5 cents of dividend which translate a yield of 6% for current price of 57.5 cents.
EPS of 3.7 cents . PE of 15.4 times.
(trade base on your own decision)
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