Grupo Simec, S.A. de C.V. (SIM) - Steel Stock Breakout

Grupo Simec, S.A. de C.V. (SIM) a steel producer (FusionIQ technical score 85) broke out on almost 2.5 x its 21-day average volume on Friday. Additionally it scored a FusionIQ new timing BUY signal on Thursday.  With good group momentum and a point and figure target of $ 18.50 SIM shares offer good reward potential.  Average costing into shares off the open and on pullbacks towards the $ 12.20 - $ 12.10 area looks to be a good trading strategy.


Comments
Leave a comment
Name
Email Address
URL
Remember personal info?
Comments
Blog Home
RSS Feed
Categories
Barron's
Breakouts/Breakdowns
ChartWatch
Company in the News
Equity Timing Signals (Buy/Sell)
Market Data
Media
Sector Group Rankings
Short Squeeze Screen
Stock Analysis
Total Stocks Rankings
Archives
April 2008
March 2008
February 2008
January 2008
December 2007