Food Empire's Stock Appears to Be Retesting Top of Recent Range -- Market Talk
Dow Jones
Jul 10
0252 GMT - Food Empire Holdings' stock is retesting the top of its recent S$1.71-S$1.90 range, within a broader uptrend channel, Phillip Securities Research's Zane Aw says in commentary. This provides a bullish signal, the analyst says. Also, the moving average convergence divergence indicator is holding above the zero line and could form a bullish crossover soon, which would support the bullish view, Aw says. If the stock clearly breaks above this range, it could extend gains and reach S$2.09, the analyst adds. Shares are 0.5% higher at S$1.91. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
July 09, 2025 22:52 ET (02:52 GMT)
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