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EVRAZ - Buy if you have nerves of Steel

LSE:EVR   EVRAZ PLC ORD USD0.05
Buy EVRAZ (EVR)

EVRAZ plc is a steel, mining and vanadium business with operations in the Russian Federation, Ukraine, the United States, Canada, the Czech Republic, Italy, Kazakhstan and South Africa. The Company's principal activities include manufacturing steel and steel products; iron ore mining and enrichment; coal mining; manufacturing vanadium products, and trading operations and logistics.

Market Cap: £6.07Billion

EVRAZ shares have dropped by over 50% in the past few months. There appears to have been some bottoming price action over the past few weeks and today there has been a break above resistance at 413.4p. This could trigger a corrective move higher towards resistance at 553p over the short to medium term.

Stop: 380p
Target 1: 553p
Target 2: 593p
Target 3: 680p


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