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Compiling comments that experts make about stocks while on public TV.

2017-09-06

Opinion for Russel Metals (RUS-T)

Signal Price Bias Subject Owned
WAIT $27.120 UNKNOWN TECHNICAL ANALYSIS Unknown

The chart shows a “head and shoulders bottom”. You get a shoulder, and then a low, and then the next low is higher than the last low. The stock is attempting to break the neck line, and the chart needs to show that it has definitely broken it. $30 would suggest that the “head and shoulders bottom” is in place, and it could have lots of upside. Wait for another dollar or so before buying it.

Keith Richards
Portfolio Manager, ValueTrend Wealth Management

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