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Russel Metals (RUS-T) opinion on 2017-07-20

Last Price Recorded: 28.8400 on 2017-12-15

ON STOCKCHASE SINCE Dec 2000

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Hap (Robert) Sneddon FCSI
Russel Metals was $25.370 at time of opinion
Owned : Unknown

There is a little bit of a bid underneath this whole growth profile area, particularly in oil and gas. Numbers show that the inventory is being worked off and there are a lot more rigs coming on. Chart shows a nice trend going from the lows at the beginning of 2016. Indicators are wanting to turn up, but are sort of bouncing around not sure what to do. A stock like this is going to be sensitive to all things economic. Wait until midweek next week and see what is happening with the FMC days. Take half your full position during that time. There is going to be a little resistance around $26, followed by more resistance around $28. There is a lot of seasonality on this. It usually has a fantastic August.

BULLISH

All opinions for RUS-T (290)

71 BUY
9 BUY on WEAKNESS
57 COMMENT
43 DON'T BUY
41 HOLD
1 PARTIAL BUY
3 PARTIAL SELL
12 PAST TOP PICK
6 SELL
1 SELL ON STRENGTH
2 SPECULATIVE BUY
1 STRONG BUY
23 TOP PICK
2 VAGUE
9 WAIT
1 WATCH
8 WEAK BUY
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All opinions for RUS-T (290)

71 BUY
9 BUY on WEAKNESS
57 COMMENT
43 DON'T BUY
41 HOLD
1 PARTIAL BUY
3 PARTIAL SELL
12 PAST TOP PICK
6 SELL
1 SELL ON STRENGTH
2 SPECULATIVE BUY
1 STRONG BUY
23 TOP PICK
2 VAGUE
9 WAIT
1 WATCH
8 WEAK BUY
View All

More experts covering RUS-T

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Add RUS-T to Watch List

Last 60 Days Opinions

BUY on WEAKNESS
1 day ago
COMMENT
3 weeks ago
TOP PICK
1 month ago
COMMENT
1 month ago
COMMENT
1 month ago
BUY
1 month ago
COMMENT
1 month ago

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