Trading ideas on daily charts.
Trading Ideas: Globe Specialty Metals, Inc. (GSM)
Not a bad buying opportunity above 17.20$.
10 November positive report came out 0.08$ instead of a forecast 0.03$.
The stock has a strong up-trend. A graphic model has formed – восходящий треугольник.
When buying above 17.20$, stop can be placed below 16$.
For those, who doesn't know english, I provide an electronic translation of Google from the site Finviz about the activities of this company:
Globe Specialty Metals, Inc., together with its subsidiaries, manufactures silicon metal and silicon alloys. The company offers chemical and metallurgical grade silicon metal, which is used as raw material in making organosilicon compounds, aluminum and polysilicon. It also manufactures silicon based alloy products, including ferrosilicon; magnesium ferrosilicon based alloys known as nodularizers; ferrosilicon based alloys known as modifiers; calcium silicon and flux-cored wire alloys, silicomanganese, and silica smoke.Globe specialty metals, Inc serves as a silicone chemical, aluminum and steel producers, as well as car companies and their suppliers, malleable foundry iron, manufacturers of photovoltaic solar cells and computer chips, and specific manufacturers. The company operates in the USA, Brazil, Argentina, People's Republic of China and Poland. It also produces carbon and graphite electrodes for its own factories., and other silicon metal and alloy manufacturers, primarily in Asia. The company was formerly known as International Metal Enterprises, Inc and changed its name to Globe Specialty Metals, Inc in November 2006 of the year. Глобус Специальность металлов, Inc была основана в 2004 year and is headquartered in New York, New York.
