Friday, May 10, 2013

German Dax: Tip of this week? Follow up

On Monday I published to invest into shares of ThyssenKrupp. The market is closed in Germany and it is time to see how the stock performed.

Friday 3rd of May the price was 14.33 Euros. This week on Friday the price increased to 15.07 Euros. The delta is 5.16%. The DAX  did have on Friday 3rd 8122.29 points and closed today by 8274.02 points. A delta of 1.8%.

ThyssenKrupp  stock was able to beat the market. It was a good investment. Should we continue? I am not sure. The stochastic indicator tells us the stock is overpriced  but all other indicators suggest it will continue for  a few more days. But I think it is time to cash and sell Monday morning.

But as always: just my 5 cents

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