Tianli Agritech (OINK)

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Tianli Agritech, Inc. Attracting Bullish Investors
October 12, 2010 03:33
Tianli Agritech, Inc. (OINK) established a new 52-week high yesterday at $4.88. Clearly investors are enthusiastic about the firm's prospects. The rally was accompanied by higher than average volume, which adds to the momentum behind yesterday's move.

The question is, can OINK continue moving higher? The stock has gained 48.11% during the past month, has a price-to-book value of 2.7 and a PEG ratio of 0.

Studies have shown that investors who buy stocks after hitting yearly highs during a bull market achieve higher average returns than the broad market indexes. This is a great example of the trader adage that "the trend is your friend." However, these historical results are based on large averages---and some bullish momentum in the market. It is much more difficult to say whether OINK, as a single stock, will continue to hit new highs. But for the time being, things look promising.

http://www.learningmarkets.com/News-Feed/2010101252755/tianli-agritech-inc-attracting-bullish-investors-oink-ul-wilc.html

Note: OINK hit another new high at $5.90 today.
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