Sterling Tools galloped to a new high in today’s session, as the stock rallied 20% on the back of massive buying interest. The Company had recently reported impressive Q2 numbers, as revenues increased 8% y/y, while net profit jumped 62%.
Daily Big Picture – Key Indices Consolidate As Bull Case Still Holds Some Water
Today’s Action:
After starting the day flat, benchmark indices ended the day with modest gains; however, broader indices extended their gains.
Daily Market Review:
Key indices traded flat for most hours in today’s trading session. However, some spurt in trading volume, during the last hour, helped the indices to extend their gains. Broader Indices outperformed the benchmark indices. Continue reading “Daily Big Picture – Key Indices Consolidate As Bull Case Still Holds Some Water”
A Stock Stays Sideways After You Buy It: How Long Should You Wait?
“A picture, they say, is worth a thousand words. But to the successful investor, a picture in the form of a stock chart is worth a lot more. And not just in words.” ” – William J. O’Neil, MarketSmith Founder
The toughest challenge in investing is managing the grey areas properly. The grey areas are like fog. Clarity takes time to unfurl.
Imagine a stock you have been watching for a long time breaks out in strong volume. You buy some shares. Continue reading “A Stock Stays Sideways After You Buy It: How Long Should You Wait?”
Chart Of The Week – Apex Frozen Foods Shines At The Bourses
Apex Frozen Foods zoomed almost 19%, thanks to three back to back upper circuit sessions to end the week. The Company reported strong numbers in Q2 FY 2017.
Chart Of The Day – Buying Interest in Balaji Amines Refuses to Die Down
Balaji Amines rallied to a new high, as the stock advanced 13.6% on massive volumes today. The Company had reported impressive numbers in Q2 FY 2017, with net profit and sales growing by 34% and 17% y/y, respectively. The stock broke out of a consolidation base pattern in October 2017, and has jumped over 50% since then.
