Eye on stock - SMRT Holdings

SMRT Holdings Bhd suffered a relatively severe beating during the recent market rout, which witnessed its shares plunging to a five-month low of 53.5 sen on Oct 16 due to extended profit-taking selling pressure.

However, just when they appeared defenceless and in great danger of violating the important 200-day simple moving average line, a bout of fresh bargain hunting interest emerged unexpectedly from the sidelines, thus offering a helping hand to aid the bulls back to life.