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Back in Focus – STXOSV
By healthytrading  •  February 18, 2013
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Back in Focus - STXOSV

1. STX OSV (Offshore support vehicles)
STXOSV shares slid in Nov after reporting dismal quarterly results. Share prices were then hit again by news of a buyout by Fincantieri mopping up their shares at $1.22/pc and will be making a cash offer for the rest of the shares. However, last week STXOSV reported securing 3 new contracts for OSCVs illustrating a  positive outlook for the OSV market in Europe.
  • Large white candlestick last week that erased a 2 week-loss. Trade volumes was almost twice higher than the average for the last 3 weeks of trading.
  • MACD - is recovering with decreasing negative divergence.
  • RSI (25w) - is rebounding off ~45% and heading towards 50%. Note that the RSI is at a 1 year low.
  • Long with TP - $1.50 ...
...
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By healthytrading
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