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Past Top Stock Pick Learn from these chart patterns. (Past performance does not guarantee future results) Up 49% from $20.45 (2004-11-08)
On November 8, 2004 we profiled Metal Management Inc (MTLM) as a Top Stock Pick
to our members at $20.45. Within a period of six months, MTLM rose to a high of $30.5, for a return at it's peak of 49%. Obviously, one cannot sell exactly at the peak, but here is what we had observed about MTLM: - GSA Rank: 80.2 (Our proprietary ranking for MTLM using fundamental AND technical factors)
- Accum/Dist Rank: 1.43 (Up vs. down volume action of MTLM taken over several weeks)
- Discount : -26% (Our measure of MTLM's valuation)
- Industry Group Rank: 28 (MTLM was in an industry showing strong group action)
- Projected Growth Rate: 7.00% (MTLM's projected 5-year growth rate)
Most importantly, MTLM was trading just 8.4% off it's 52-week high price, and had a breakout from a sideways price consolidation pattern, a clear signal to time our position. It is imperative to not only buy the best stocks that are fundamentally sound, but also to time your purchase correctly.
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