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Worden Discussion Forum » General Discussions » Stock and Market Talk » Report Article for SCHN just out.

Report Article for SCHN just out. Rate this Topic:
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cashmaker
Posted : Friday, June 17, 2005 2:54:15 PM
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Joined: 3/24/2005
Posts: 38
 Report Article for SCHN just out.

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About this article:
Until chart patterns are either completed or broken, the next direction is still up in the air. Schnitzer Steel is forming a double bottom. If you're long, remain so unless support breaks down.
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dwgall
Posted : Sunday, June 19, 2005 11:34:30 AM
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Joined: 12/17/2004
Posts: 3
 MTLM is in the same business, also looks good.
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bknight
Posted : Monday, June 27, 2005 12:20:49 PM
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Joined: 12/19/2004
Posts: 415
 Both of these have, IMHO, negative technicals. In addition for those so inclined the P & F charts point to lower prices. I would be shorting or avoiding these for the present.
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fpetry
Posted : Monday, June 27, 2005 12:59:13 PM
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Joined: 12/2/2004
Posts: 1,775
 I agree with bknight. I might be interested if one or both closed above the 50day on high volume.
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