$OSN Ossen Innovation A Compelling Rare Earths Play
$OSN has popped up on our radar. The stock is trading above its 20, 50 and 200 day moving averages, which are $2.11, $2.03 and $1.87 respectively.
$OSN has traded around the $2 level for most of 2019 and is now starting to perk its head up. Its 52 week high is $3.05 and we expect that level to be taken out in the near future.
$OSN is a China rare earth's play and stands to benefit the longer the US/Chine trade war goes on. Rare Earths heated up a bit recently.....longer the trade dispute goes on these plays are on peoples radars.
About Ossen
Ossen Innovation Co., Ltd. manufactures and sells a wide variety of plain surface pre-stressed steel materials and rare earth coated and zinc coated pre-stressed steel materials. The Company's products are mainly used in the construction of bridges, as well as in highways and other infrastructure projects. Ossen Innovation has two manufacturing facilities located in Ma'anshan, Anhui Province, and Jiujiang, Jiangxi Province, respectively.
As always, use protective stops and trade with caution.
Good luck to all!
$OSN has traded around the $2 level for most of 2019 and is now starting to perk its head up. Its 52 week high is $3.05 and we expect that level to be taken out in the near future.
$OSN is a China rare earth's play and stands to benefit the longer the US/Chine trade war goes on. Rare Earths heated up a bit recently.....longer the trade dispute goes on these plays are on peoples radars.
About Ossen
Ossen Innovation Co., Ltd. manufactures and sells a wide variety of plain surface pre-stressed steel materials and rare earth coated and zinc coated pre-stressed steel materials. The Company's products are mainly used in the construction of bridges, as well as in highways and other infrastructure projects. Ossen Innovation has two manufacturing facilities located in Ma'anshan, Anhui Province, and Jiujiang, Jiangxi Province, respectively.
As always, use protective stops and trade with caution.
Good luck to all!
Trade active:
$OSN up 30% so far. Still think this China rare earths play still has a lot more room to run.
Good luck to all!
Good luck to all!
Trade closed: target reached:
$OSN hit $7.
Congrats to all who participated!
Congrats to all who participated!
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We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/