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Beta
Title
Last Update
5/21/2013
GGB
GERDAU SA ADR REPSG 1 PRF
BUY
Last Pattern: BULLISH ENGULFING
Last Close:
6.8900
Change:
+0.1300
Percent change
+1.92%
6 mo. Rating 1★
$100⇨ 106.04
12 mo. Rating 2★
$100⇨ 140.62
24 mo. Rating 2★
$100⇨ 293.70
Signal Update
Our system’s recommendation today is to BUY. The BULLISH ENGULFING pattern finally received a confirmation because the prices crossed the confirmation level which was at 6.7600, and our valid average buying price stands now at 6.7950. The previous SELL recommendation was issued on 5/2/2013, 19 days ago, when the stock price was 7.7200. Since then GGB has fallen by -11.98%.
Market Outlook
Let’s jump on our white horses and go for a bullish ride. The bullish pattern that was previously identified is finally confirmed and a BUY signal is generated. Most probably, it is the right time to participate in bullish fervor. The market is telling you about a new profit. Do not miss this bullish opportunity.


Intraday Module is ON. To follow the confirmation status, click here.
Candlestick Pattern Chart
The chart showing Series 1 series.
Pattern Description
This pattern is characterized by a large white body engulfing a preceding smaller black body, which appears during a downtrend. The white body does not necessarily engulf the shadows of the black body but totally engulfs the body itself. This is an important bottom reversal signal. more...
Signal History
6 mo.
12 mo.
24 mo.
Date
Price
Signal
$100⇨
5/21/20136.7950BUY 293.70
5/2/20137.7200SELL 294.29
4/30/20137.6600BUY 292.59
4/26/20137.5600SELL 293.18
4/17/20137.2890BUY 283.24
4/11/20137.5700SHORT 274.20
4/5/20137.3740BUY 268.17
4/1/20137.6475SHORT 259.95
3/26/20137.5700BUY 258.35
3/18/20137.6200SHORT 257.70
3/8/20138.1700BUY 277.41
3/1/20138.1100SHORT 280.60
2/26/20138.3200BUY 289.02
2/15/20138.9200SELL 289.60
2/6/20138.8400BUY 287.58
1/9/20139.3500SELL 288.16
12/31/20128.9150BUY 275.30
11/27/20128.9400SHORT 275.63
11/23/20128.9300BUY 276.43
11/8/20128.9300SHORT 277.54
11/5/20128.8100BUY 274.91
10/19/20129.3000SHORT 262.20
10/11/20129.4100BUY 266.37
9/20/201210.0000SELL 266.90
9/7/20129.7400BUY 260.48
8/20/201210.0150SELL 261.00
7/27/20128.7300BUY 227.97
7/23/20128.4700SELL 228.43
7/18/20128.5400BUY 230.78
7/11/20128.3700SELL 231.24
6/27/20127.8750BUY 218.00
6/21/20128.4100SELL 218.44
5/25/20128.0100BUY 208.47
4/25/20129.4900SHORT 181.07
4/18/20129.5050BUY 182.08
4/16/20129.4050SHORT 184.78
4/12/20129.5200BUY 187.79
3/28/201210.1000SHORT 178.30
3/26/201210.3800BUY 183.98
3/21/201210.2900SELL 184.35
3/8/20129.8900BUY 177.54
2/23/201210.3400SELL 177.90
2/17/201210.3500BUY 178.43
2/10/201210.4100SELL 178.79
2/2/201210.1450BUY 174.59
1/31/20129.6450SELL 174.94
12/20/20117.3950BUY 134.40
12/8/20117.8900SHORT 126.97
12/1/20117.6900BUY 124.25
11/10/20118.6900SELL 124.50
11/7/20119.1400BUY 131.21
11/3/20119.0100SELL 131.47
10/24/20117.8500BUY 114.77
10/17/20118.0900SELL 115.00
10/10/20117.6300BUY 108.68
10/3/20117.1100SHORT 117.73
9/26/20117.6499BUY 127.18
9/1/20118.6200SELL 127.43
8/23/20118.0000BUY 118.50
8/16/20118.1900SHORT 116.28
8/11/20117.2900BUY 103.92
7/11/201110.3550SELL 104.13
6/28/20119.8600BUY 99.35
6/6/201110.6450SELL 99.55
5/26/201110.6500BUY 99.80
† Trade commissions taken as 0.20%.
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