Thursday, January 12, 2012

Amtek

Amtek: +4.9%. UOB Kay Hian has a technical Buy Call on stock this morning with $0.69 TP followed by $0.75. House note that aggressive long investors may view $0.75 (+20% potential return) as their TP. House think the stock is likely to rebound further as the stock has broken out of the bullish flag formation.

Both the MACD and the Stochastics indicators are trending up, suggesting prices are
likely to follow through. Alternatively, investors may exit their longs if prices move below $0.565.

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