These 4 commodity stocks scale a new 52-week high; do you own any?
1/5
Shining through gloom
On Monday, the benchmark index Sensex slid by approximately 311 points to reach 60,692. However, four stocks belonging to the BSE commodities index recorded their new 52-week highs, despite the overall market decline.
The 52-week high is the highest price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor for analysing a stock's current value and for predicting its future price movement.
The 52-week high is the highest price at which a stock has traded during the last year. Some traders and investors use this technical indicator as an important factor for analysing a stock's current value and for predicting its future price movement.
2/5
Kirloskar Ferrous Industries | New 52-week high: Rs 420.35 | CMP: Rs 419.85
In the last one month, the stock has gained about 18%. "The stock from a technical standpoint is comfortably placed above its key moving averages, around 12% and 46% from 50DMA and 200DMA. From an O'Neil Methodology perspective, the stock has an EPS Rank of 91 which is a GREAT score indicating consistency in earnings, a RS Rating of 90 which is GREAT indicating outperformance as compared to other stocks," according to MarketSmithIndia.com
3/5
Shree Cement | New 52-week high: Rs 26,915 | CMP: Rs 26,448
In the last one month,the stock has gained about 9%.
"The stock from a technical standpoint is comfortably placed above its key moving averages, around 7% and 16% from 50DMA and 200DMA. From an O'Neil Methodology perspective, the stock has an EPS Rank of 47 which is a POOR score indicating an inconsistency in earnings, a RS Rating of 69 which is FAIR indicating the recent price performance," according to MarketSmithIndia.com.
"The stock from a technical standpoint is comfortably placed above its key moving averages, around 7% and 16% from 50DMA and 200DMA. From an O'Neil Methodology perspective, the stock has an EPS Rank of 47 which is a POOR score indicating an inconsistency in earnings, a RS Rating of 69 which is FAIR indicating the recent price performance," according to MarketSmithIndia.com.
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4/5
Sunflag Iron And Steel Company | New 52-week high: Rs 150.95 | CMP: Rs 140.55
In the last one month stock has gained about 7%.
"The stock from a technical standpoint is comfortably placed above its key moving averages, around 18% and 49% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 4% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 95 which is a GREAT score indicating consistency in earnings, a RS Rating of 91 which is GREAT indicating outperformance as compared to other stocks," according to MarketSmithIndia.com.
"The stock from a technical standpoint is comfortably placed above its key moving averages, around 18% and 49% from 50DMA and 200DMA. It has recently broken out of a base in its weekly chart and is trading around 4% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 95 which is a GREAT score indicating consistency in earnings, a RS Rating of 91 which is GREAT indicating outperformance as compared to other stocks," according to MarketSmithIndia.com.
5/5
Ultratech Cement | New 52-week high: Rs 7,489 | CMP: Rs 7,426.8.
In the last one month, the stock has gained about 3.5%.
"The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 12% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It has recently broken out of a base in its weekly chart and is trading around -1% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 65 which is a FAIR score but needs to improve its earnings, a RS Rating of 66 which is FAIR indicating the recent price performance," according to MarketSmithIndia.com.
"The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA, around 12% above 200DMA. It needs to take support around the 50 DMA level to continue further upside move. It has recently broken out of a base in its weekly chart and is trading around -1% from the pivot point (which is the ideal buying range for a stock). From an O'Neil Methodology perspective, the stock has an EPS Rank of 65 which is a FAIR score but needs to improve its earnings, a RS Rating of 66 which is FAIR indicating the recent price performance," according to MarketSmithIndia.com.