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Registered User Joined: 3/24/2005 Posts: 38
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Report Article for SCHN just out.
(Removed By Moderator)
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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Registered User Joined: 12/17/2004 Posts: 3
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MTLM is in the same business, also looks good.
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Registered User Joined: 12/19/2004 Posts: 415
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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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Registered User Joined: 12/2/2004 Posts: 1,775
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I agree with bknight. I might be interested if one or both closed above the 50day on high volume.
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