Steel was very strong last week and this stock moved up about 20%. Volume shows that this stock is under accumulation by larger players. Volume for the week was the most in almost 10 years which indicates a change in character and the want for this name. Stock is extended from current KMA and need some time to digest these gains from the prior week.
Will want this to consolidate for a optimal R/R scenario. KMA needs to catch up and would like to see a dry up in volume over the next week. Need to be patient on this name.
Will want this to consolidate for a optimal R/R scenario. KMA needs to catch up and would like to see a dry up in volume over the next week. Need to be patient on this name.