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,...
With the ex div last week EVR rallied all the way to the top of the BF as buyers sought to get in on the excellent dividend. Key price action will now be if the yearly pivot is breached and converted to support or it it causes a sell off.
Last post: May 11th. See chart.
Review: Price had broken through a strong resistance level and was moving strongly to the upside.
Update: Price has broken another resistance level and is making new highs.
Conclusion: This recent breakout is offering us a chance to enter a long trade.
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