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RUS
RUSSEL METALS INC
Daily Commentary

Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 08.30.2010 (2) days ago, when the stock price was 19.1500. Since then RUS has gained 1.15% .

BUY-IF is confirmed by a white candlestick which has an open equal to the previous close but closing higher. The buying price is the previous close ( 19.100 ) according to the Rules of Confirmation.

The recent bullish formation leading to the BUY-IF signal is confirmed today. The market seems ready for a new bullish move. Though the market opened lower today, the day’s activity created a white candlestick that closed above the previous close. This is a valid confirmation criterion.

The slight failure of the previous SELL signal is currently confirmed, too. We closely monitor the performance of the signals, but a few shots missing the target slightly are inevitable when you deal with the stock market. However, such signal failures are more unlikely for higher rated stocks.

We hope that you acted quickly and already bought this stock . Today your important benchmark was the previous close. You were supposed to watch the session carefully, feel its bullish tendency despite the lower opening, and go long after making sure that the prices stay over the previous close.

If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on relatively safe grounds as long as the future prices continue to trade above the benchmark price and if an emergency warning is not issued. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions.

The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any. We erred on the short side last time but we hope that this is just an exception.

Data provided by:  End of Day Data

 
BUY
CONFIRMED
19.370
+0.2700 +1.41%
Candlestick Analysis
Today’s Candlestick Patterns:
White Candlestick
Candlestick Pattern

Today a White Candlestick was formed. This represents normal buying pressure.
For more about this candlestick click here.


 
 
Stock Quote
Day's Close 19.370
Previous Close 19.100
Previous Open 19.110
Change +0.2700
% Change +1.41%
Volume 86,094
 
Stock Activity
Day's Open 19.100
Day's High 19.500
Day's Low 19.020
20-Day Close M.A. 19.389
50-Day Close M.A. 19.089
65-Day Volume M.A. 152,841
 

Two-Year Signal History
Date          Price   Signal $100
Became
09.01.10 19.100    Buy   822
08.30.10 19.150    Sell 822
08.17.10 19.000    Buy 815
07.27.10 19.620    Sell 815
07.22.10 18.810    Buy 782
07.19.10 18.890    Sell 782
07.07.10 18.140    Buy 751
06.28.10 18.770    Sell 751
06.10.10 18.300    Buy 732
06.07.10 18.250    Sell 732
06.02.10 18.920    Buy 759
05.18.10 19.750    Sell 759
05.13.10 19.800    Buy 761
04.27.10 21.750    Sell 761
04.21.10 21.660    Buy 758
04.19.10 21.490    Sell 758
04.15.10 21.300    Buy 751
04.12.10 21.120    Sell 751
03.30.10 19.980    Buy 710
03.16.10 19.000    Sell 710
03.09.10 18.910    Buy 707
02.25.10 18.970    Sell 707
02.09.10 17.250    Buy 643
02.04.10 17.920    Sell 643
02.01.10 17.300    Buy 621
01.27.10 17.920    Sell 621
01.08.10 18.610    Buy 645
12.30.09 17.880    Sell 645
12.08.09 16.570    Buy 597
12.04.09 16.670    Sell 597
12.02.09 16.610    Buy 595
11.11.09 16.860    Sell 595
11.04.09 15.990    Buy 564
10.20.09 18.240    Sell 564
10.05.09 16.740    Buy 518
10.01.09 17.010    Sell 518
09.28.09 17.050    Buy 519
09.18.09 17.780    Sell 519
09.04.09 16.250    Buy 475
08.27.09 16.220    Sell 475
08.19.09 15.860    Buy 464
07.29.09 17.000    Sell 464
07.10.09 13.350    Buy 364
06.29.09 15.350    Sell 364
06.24.09 14.610    Buy 347
06.22.09 14.990    Sell 347
06.10.09 14.630    Buy 339
06.03.09 14.800    Sell 339
05.15.09 14.000    Buy 320
05.06.09 14.840    Sell 320
04.09.09 10.750    Buy 232
03.27.09 11.060    Sell 232
03.19.09 9.750    Buy 204
03.11.09 10.240    Sell 204
03.05.09 9.590    Buy 192
02.09.09 20.550    Sell 192
01.28.09 19.240    Buy 179
01.21.09 20.530    Sell 179
01.19.09 20.340    Buy 178
01.09.09 20.160    Sell 178
12.24.08 16.420    Buy 145
12.11.08 17.250    Sell 145
12.08.08 15.260    Buy 128
12.01.08 17.020    Sell 128
11.26.08 16.220    Buy 122
11.19.08 19.910    Sell 122
11.17.08 20.300    Buy 124
11.12.08 21.010    Sell 124
11.10.08 22.350    Buy 132
11.05.08 23.890    Sell 132
10.20.08 19.600    Buy 109
09.24.08 26.920    Sell 109
09.12.08 26.290    Buy 106
09.03.08 29.390    Sell 106
08.28.08 28.750    Buy 104
08.26.08 29.390    Sell 104
08.14.08 29.200    Buy 103
08.12.08 29.650    Sell 103
08.07.08 28.780    Buy 100
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  Quality maintenance-free data supplied by End of Day Data