Wednesday, January 5, 2011

Kreuz

Kreuz: extending its winning streak to 6 sessions, with volume picking up in the last 2 days to >6m shares. No news on the O&G industry subsea service provider, owned by Swiber, since Nov 18's US$6.2m contract win...

AmFraser notes technical signs are picking up; is poised to break the 76.4% fibo level at $0.47. Says a test of peak is due as the last 2 times $0.515 was reached were 48 and 52 days apart; it is now 52 days since the last test of high. With bullish technical signals as well as the lengthy base building since mid-Nov around $0.41-0.46, it may be about time for the stock to make a big move.

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