Stock of the Month
With the passage of Renewable Energy bill, I pick 2 energy corporation of the Lopez group, EDC and Fgen as Stock of the month for October.
Now let us see the chart of EDC first :
EDC hits it lowest as of this year last Sept. 18 at 2.95/share. Climb its way up and test resistance 4.35/4.40 level last Sept. 29 and failed. It closed last Friday @ 4.00 a share. For short term, the stock will be moving sideways, ranging from 3.50 to 4.40/4.55. I bought this one for medium/long term investment. Target Price = 4.80/5.70.FGEN
FGEN reach its lowest recorded price this year last Sept.19 at 14.75 and closed 15.75 a share for the day. It closed last Friday at 18.50/share. Medium/Long Term target is 23.00/33.50 a share.
FGEN reach its lowest recorded price this year last Sept.19 at 14.75 and closed 15.75 a share for the day. It closed last Friday at 18.50/share. Medium/Long Term target is 23.00/33.50 a share.
1 comment:
Yes, with tax holiday of up to six years, energy generating corporation is the stock to beat!
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