Vale is the best Brasil ADR
Today I noticed that Vale ADR (VALE) was one of the most popular stocks with individual investors and wondered how to fared onBarchart. All of the buy signals are strengthening and all of the sell signals are weakening.
Barchart technical indicators:
1 - 40% Barchart over all buy signal - strengthening
2 - Tread Spotter - presently a hold signal but the hold is almost ready to switch to a buy
3 - Above its 20 and 50 day moving average
4 - 4 new highs and up 5.39% in the last 5 trading days
5 - Relative Strength Index is 59.01% and getting stronger
6 - Trading around 31.56 which is above its 50 day moving average
Summary: Vale (VALE) has three countries buying their products: Brasil, US and China. The growing economies in these 3 nations will bid up the natural resource products this company mines and distributes. It's hard to see how this company can fail.
Jim Van Meerten is a Marketocracy Master