This stock has jumped in the last 2 days, after doing nothing for a while yet I can' find anything to suggest why?
Anybody know?
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This stock has jumped in the last 2 days, after doing nothing for a while yet I can' find anything to suggest why?
Anybody know?
investors have been a bit scared of a slow down in the construction sector, fbu today has showed that things are going along gang-busters at the moment and with comercial taking over from residential it doesn't look like it will slow down any time soon.
Don't forget that once commericial slows down there will still be a large amount of public works construction, and that, if anything will use even more steel....
Up 20c so far today to 520. STU doubtless coat-tailing FBU to some degree.
After a break of five years I bought back into STU in September @ 452. Now showing a 29.2% gain + 15c final div.
That's an 18% return including the div.
where do you get 29.2% from?
3-4 years ago when STU was sitting on $1.30 and had a tiny p/e, I looked at it for a long time and then decided against it. Probably been one of the most untalked about stocks in that time but has shown legs.
Sorry.
BRICKS visited STU today and is most impressed with the outcome well maintained buildings
not like the old days they are taking a bit of a beating just at present but the two things going for them One Steel wants to BUY & they pay DIVIDENDS..
Yes, I agree with that.
STU is one of my income stocks and a classic cyclical IMO.
Ideally, I should be lightening off at the peak of the cycle ( SP and economic activity) and loading up at times like these. I never do, of course, but it's still a good earner even when times are tight.
Might still buy a few more but there are so many other girls to kiss and I'm still only grudgingly parting with my cash.
;)
There is not much that can be added to your comments, YK. You have covered the important facts such as the low volume - today's big rise to $3 was on just 1911 shares, for example.
I have not plotted my usual raft of supplementary indicators on this chart because STU is in a consolidation zone and in such circumstances trend indicators just give a series of contradictory signals. The 100 ma cross you mention has no significance - price action has risen above it 6 times so far during the course of this wide trading range.
For STU to break its longterm (4 year) downtrend, the shareprice would need to go above the Resistance at $3.80. That is well above current price action and would mean a fairly late entry. The break of the current confirmed short-term trendline would make for a more timely signal for those wanting to buy.
I would see a retreat to the support at $2.50 as a buying opportunity.
The break of the 5 year uptrend gave a timely trendline-break Sell signal, getting you out of STU before you gave a lot of profits back to the market. A nice example of why a staunch "buy and hold" approach is a bad idea!
http://h1.ripway.com/78963/STU51.gif