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Ferro Corp. – Equities of interest

December 27, 2012 by FxIgor

Joel Kruger suggests this interesting Equities in his section Equities of interest :
Ferro Corp. (NYSE: FOE)

A good run for this specialty chemicals company over the past several days, but a this point, the run could be coming to an end. There is some very solid resistance ahead of $4.50, and this in conjunction with some highly overbought daily studies and a bearish reversal day on Wednesday, suggests that we could be on the verge of a sizable pullback. Look for a move back towards $3.00-3.50 over the coming days, while only a close above $4.50 negates.

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Filed Under: Equities of interest

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