Our picks for this week are SMA, SJI, and GLT. SMA - Symmetry Medical, Inc. - Symmetry Medical produces medical devices and surgical instruments for use world-wide. They market their products under several brands, and produce a large variety of medical tools. Our research indicates that they are undervalued and growing, with strong technical statistics as well. We believe that it has broken out of a long running downtrend, cut back, and just broke resistance again. We think that this makes entry ideal for a breakout run. SJI - South Jersey Industries, Inc. - South Jersey Industries sells and delivers natural gas for retail commercial and industrial customers throughout the northeast. They are currently cutting back on what has become a standard period for their price over the years, and nearing long-term support. Fridays closing price was $54.51 but there were insider purchases in August and December at $58.16 and $55.25, respectively. Given that the current price is below those insider purchases, and the price is approaching support, we think this is a great entry. GLT - PH Glatfelter Co. - PH Glatfelter produces and sells paper for hundreds of uses ranging from credit card receipts and digital imaging to playing cards and beer labels. GLT has been climbing since 2009, and its value has vastly outpaced its price. We have pinned resistance around $31.50, but believe that the greater uptrend will see the price through it. Let us know what you think in the comments!
Posted on: Mon, 10 Mar 2014 13:50:22 +0000
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