Friday, March 03, 2006

ShawCor pick

Energy services stocks are hot again. ShawCor Ltd. (SCL.SV.A) is one of the Stock Trends Picks of the Week as it has rallied strongly off of its lows in late 2005. This changing trend makes SCL.SV.A a Stock Trends Weak Bearish stock. The Relative Strength Indicator is now 112, and will be improving should today's positive move above resistance at $18.50 hold. Volume has been strong, so look for continued price momentum and a new bullish trend.
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