OzzyO schreef op 23 oktober 2015 17:41:
Interessant artikel over VALE S.A. en TA (technische analyse; geen ander fonds)
The stock of Vale SA (ADR) (VALE) gapped up by $0.07 today and has $7.44 target or 57.00% above today’s $4.74 share price. The 5 months technical chart setup indicates low risk for the $22.74 billion company. The gap was reported on Oct, 22 by Barchart.com. If the $7.44 price target is reached, the company will be worth $12.96 billion more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. The stock is up 5.10% or $0.23 after the news, hitting $4.74 per share. About 16.39 million shares traded hands. Vale SA (ADR) (NYSE:VALE) has declined 22.91% since March 19, 2015 and is downtrending. It has underperformed by 19.54% the S&P500.
Out of 7 analysts covering Vale S.A. (NYSE:VALE), 3 rate it “Buy”, 0 “Sell”, while 4 “Hold”. This means 43% are positive. Vale S.A. was the topic in 12 analyst reports since August 3, 2015 according to StockzIntelligence Inc.
According to Zacks, “Vale SA is a mining company engaged in the mining of iron ore and pellets, nickel, manganese and ferro-alloys, gold, nickel, copper, kaolin, bauxite, alumina, aluminum, and potash. It operates logistics systems in Brazil, including railroads, maritime terminals and a port. Vale SA is based in Rio de Janeiro, Brazil.”
www.financialmagazin.com/whats-propel...Success iedereen,
Ozzy