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 ...