Flag we discussed in last week's trading room. Break 36.33 , 43.43. Stop signal 32.93.
ARNC - Looking for a break of 14.77, Stop 13.47. Target 22.77. Triple-digit % buying by multiple insiders.
ARNC might be setting something up. - Price on Friday 5/22/2020 rose a fair amount on a little greater than average volume. This is a sign of some strength. - The 20dMA is about to cross the 50dMA. This would be a stronger sign of strength. - If price crosses and stays above the $12.74 Fib line, then the $16.82 Fib line and the next $20.12 Fib line could be in...
As we've been posting, Cliffs is a turn-a-round play with a new organic HBI plant coming online within the 1st qtr of 2020. After the market closed, news hit that the company will be added to the S&P SmallCap 600. S&P would not list CLF before looking at the company and its financials. CLF is a solid play. We figure fair market value is between $13 and $15 per...
Today, only on Yahoo News, there was a story that ARNC agreed to a $10.3 BILLION Buyout including liabilities. As for the London Fire, it has been almost 2 years and no lawsuits have been announced against Arconic. What it looks like now is a HUGE SCAM to buyout ARNC at fire sale prices! We sold today and won't look back at this SCAM! Although we made a...
Right after we posted the BUYOUT news today, within maybe an hour, the company issued a press release. From what we know, the company is looking for an offer between $25 and $30 including the possible debt / potential future liability. If the debt / potential future liability is rolled over into a separate company, the offer price could reach as high as $35 to...
Wall Street Rumor is buyout could be announced soon! ARNC is rumored to be in last minute negotiations for a buyout. Once this rumor really starts circulating the street, and the stock moves up closer to its 52-week high, it could force the buyout number to become even higher. Looking at the 52-Week High of around $31.00, we do not see the company being...