Man, this thread is quiet these days! They all are!
CEI.TO Co-Steel
I know that there are lots of shakeups in the steel industry, but this has caught my eye. Tried to get in last night on the run to close at 2.91, but I missed it (darn):
stockcharts.com[w,a]dfolyyay[dc][pc70!c26!b26!c12!b1!f][vc60][iul14!ua12,26,9!ug!lp14,3,3!lb14!lk28!lc20!ld20]
The only thing that concerns me is the high Stoch... but I think that a high Stoch can run for a while as long as the MACD is still rising and W%R stays above -20. Adx looks good too...
I'm looking at an entry through the afternoon downswoop at around $3.26. PHNPI Yet.
Add to the TA, a little FA hype and you might have something!
Globe says rising steel prices benefit Co-Steel stock
Co-Steel Inc
CEI Shares issued 30,596,960
Jan 14 2002 close $2.980
Tuesday Jan 15 2002
In the News
The Globe and Mail reports in its Tuesday, Jan. 15, edition that Co-Steel soared
more than 27 per cent or 64 cents to $2.98 on the Toronto Stock Exchange
Monday. The Globe's Market Movers column reports that CIBC World Markets
analyst Anna Sorbo said Friday the specialty steel producer is benefiting from
rising steel prices and probably will refinance its debts shortly. She raised her
Co-Steel rating to "strong buy" from "buy" with a 12-month target price of $8 a
share. Co-Steel has a 52-week trading range of $7.95 to $1.25.
(c) Copyright 2002 Canjex Publishing Ltd. canada-stockwatch.com
Regards, Abbeydale |
