Posco - Chart Of The Day

Summary

• 100% technical buy signals.
• 12 new highs and up 21.53% in the last month.
• 143.66% gain in the last year.

The Barchart Chart of the Day belongs to the steel company

Posco (PKX).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 3/3 the stock gained 31.91%.  

POSCO, together with its subsidiaries, manufactures and sells steel rolled products and plates in South Korea and internationally. It operates through four segments: Steel, Construction, Trading, and Others. The company offers hot and cold rolled steel, stainless steel, plates, wire rods, and silicon steel sheets. It also plans, designs, and constructs industrial plants, civil engineering projects, and commercial and residential buildings; exports and imports steel products and raw materials; and generates electricity; produces gas and refuse derived fuel, as well as provides network and system integration, and logistics services. In addition, the company is involved in the engineering and construction; computer hardware and software distribution; economic research and consulting; business facility maintenance; architecture and consulting; investment in venture, energy, and bio tech industries; electronic commerce; intellectual property services and consulting; refractories and quicklime manufacturing and sales; transporting and warehousing; real estate development, rental, sale, and management; house and train manufacturing and management; and education and real estate business. Further, it engages in the resource development; mine development; business facility maintenance; fuel cell; iron ore and coal sales; and cargo handling business, as well as operates housing business agency. Additionally, the company manufactures and sells coated, and anode material. It also engages in loading and unloading; IT service and DVR; electric control engineering; forest resources development; refractory materials sales and furnace maintenance; rice processing; grain sales; packing materials manufacturing; and social enterprise businesses. POSCO was incorporated in 1968 and is headquartered in Pohang, South Korea.

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

• 100% technical buy signals
• 174.78+ Weighted Alpha
• 143.66% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50 and 100 day moving averages
• 12 new highs and up 21.53% in the last month
• Relative Strength Index 79.09%
• Technical support level at 88.98
• Recently traded at 89.91 with a 50 day moving average of 73.47

Fundamental factors:

• Market Cap $31.36 billion
• P/E 20.56
• Dividend yield 3.69%
• Since this is an ADR it is not widely followed on Wall Street but still has 1 strong buy and 1 hold recommendation issued by analysts
• The individual investors following the stock on Motley Fool voted 879 to 28 that the stock will beat the market
• 4,840 investors are monitoring gthe stock on Seeking Alpha

The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stock are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.