Stock On the Move

Tuesday, July 18, 2006

Stocks On The Move - July 18

Stocks Rising On Heavy Volumn:
  • Rentech, Inc. (RTK): shares of Denver, Colorado based alternative fuels and clean chemicals company surged 21.43% or 90 cents to near 52 weeks high of $5.1 per share as the company and Peabody will develop two plants that will convert coal into diesel and jet fuels. The news is a big boost to the stock as the high gasoline price makes the alternative fuel company attractive. The stock is now back to ceiling and if the stock can continue to go higher tomorrow this would be the best time to buy.
  • Crown Holdings Inc. (CCK): shares of Philadelphia, PA based packaging products maker rose 8.78% or $1.33 to $16.48 per share after the company posted strong second quarter net income. Today's surge on heavy volumn of 5 million shares formed a bullish "W" shape showing the stock is ready for a new rally. Do expect the stock to go much much higher in the next few months. The stock today was the fourth leading gainer on NYSE today with 5.4 million shares traded.

0 Comments:

Post a Comment

<< Home