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Past Top Stock Pick Learn from these chart patterns. (Past performance does not guarantee future results) Up 32% from $25.5 (2004-10-04)
On October 4, 2004 we profiled Steel Technologies Inc (STTX) as a Top Stock Pick
to our members at $25.5. Within a period of six months, STTX rose to a high of $33.56, for a return at it's peak of 32%. Obviously, one cannot sell exactly at the peak, but here is what we had observed about STTX: - GSA Rank: 69.3 (Our proprietary ranking for STTX using fundamental AND technical factors)
- Accum/Dist Rank: 1.15 (Up vs. down volume action of STTX taken over several weeks)
- Discount : -58% (Our measure of STTX's valuation)
- Industry Group Rank: 3 (STTX was in an industry showing strong group action)
- Projected Growth Rate: 21.00% (STTX's projected 5-year growth rate)
Most importantly, STTX was trading just 4.2% off it's 52-week high price, and had a breakout from a sideways price consolidation pattern, a clear signal to time our position, as well had gapped up in price, another signal confirming upward price strength. 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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