There has been sudden surge in all media stocks in last few days and though lots of talk is centered around names like TV Today, Network 18, Sun TV, Zee – there is another media stock that should be on your radar. The stock is DB Corp.
The chart says it all
As you can see in the chart: the stock seems to be inching up but what’s more encouraging – increase in the volumes over last 2 weeks. On 11th June: 10 day moving average volume was 11000 shares but yesterday – it was at 459000. That’s a huge jump and smacks of institutional interest in the stock.
What does this mean?
DB Corp is not a trade worthy stock. The chart indicates institutional interest in the stock and one can look to invest in the stock with 6 month horizon hoping that sustained interest will propel the stock higher and deliver 20%+ returns over period of time.
Please do your own due diligence before trading.