In Tuesday’s report by Invest Tech recommended buying shares in Entra and XXL while American Shipping Company gets a sell recommendation.
– Entra ASA has broken up through the ceiling into a declining trend and triggered a buy signal from a rectangle formation . Buy signal indicates that the negative trend is over and that the stock initiates a positive development. On reactions back the stock has support at 74 and 71 million in the medium term.
Positive volume balance indicates that there are active buyers and passive sellers who runs its course. RSI has a value higher than 70, which indicates that the stock has a positive momentum. The company is slightly positive on insider trades after several key employees bought shares in the company last fall. Rating: Buy Candidate writes Investtech.
– XXL ASA is in a rising trend and further rise is indicated. The company presented quarterly figures on Friday for a positive response from the market. The price has broken through resistance at 92.40 million and triggered a buy signal. There is little resistance above current levels, and a reaction back there been formed support at former resistance around 92 million. The company is negative on insider trades for more insider sales in December, but this emphasized small in the overall assessment. Rating: Buy Candidate writes Investtech.
– American Shipping Company ASA is in a downward trend and further decline within this indicated. Declining trends indicate that the company is in a negative trend and buying interest among investors is decreasing. Negative volume trend confirms the weak trend picture and indicate that there is a predominance pessimists among investors. There is some support below the current level at 22.20 million, while resistance is around 26 million. The stock is neutral on insider trades. Rating: Buy Candidate, says Invest Tech.
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