MIDCAP-Philippine Alliance Global technicals suggest downside

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Shares of Alliance Global Group Inc , which haverisen sharply over the past month, could reverse, technicalcharts suggest.

The stock price has fallen below the Parabolic SAR (Stop andReverse) points on Monday, which is a negative sign.

The Trend Intensity has started to decline and is at 47. Areading above 40 is considered trend mature zone.

A market is trending -- bullishly or bearishly -- when TrendIntensity is advancing. A trend is over when the signaldeclines.

Also, the Relative Strength Index (RSI) has fallen below 70from a topping formation and is bearish.

The stock was up more than 20 percent over the past month,while the broader index gained 5.6 percent over the sameperiod, based on Friday's close.

(Reporting By Patturaja Murugaboopathy; Editing by Jijo Jacob)