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Past Top Stock Pick Learn from these chart patterns. (Past performance does not guarantee future results) Up 0% from $46.3 (2005-02-28)
On February 28, 2005 we profiled Reliance Steel & Aluminum (RS) as a Top Stock Pick
to our members at $46.3. Within a period of six months, RS did not meet our minimum profit objective of 15%. Obviously, we won't get every trade right, but here is what we had observed about RS: - GSA Rank: 72.2 (Our proprietary ranking for RS using fundamental AND technical factors)
- Accum/Dist Rank: 1.72 (Up vs. down volume action of RS taken over several weeks)
- Discount : -72% (Our measure of RS's valuation)
- Projected Growth Rate: 33.50% (RS's projected 5-year growth rate)
Most importantly, RS was trading just 0.2% 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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