Sunday, May 19, 2013

German DAX; Tip of the week: Lanxess

Where to invest this week is the big question of this week. We saw last week the DAX went well, the majority of stocks are running high and have a risk for a correction. Where to go?

Looking for a stock who did have already a small correction I came across Lanxess. On May 7th the chart created a SAR sell signal, lost nearly 10% and created on Friday a SAR buy signal. All the other indicators are looking good and suggest a further increase during next week. The stochastic too indicates the stock has a good price right now and will increase next week. We will see.

But as always: just my 5 cents

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