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Orion Marine Group, Inc. – Charting Zacks Elite Stocks

Source: http://www.zacks.com/commentary/10925/Orion+Marine+Group%2C+Inc.+-+Charting+Zacks+Elite+Stocks
Posted on Friday, May 15th, 2009 | In Market Commentary, Stocks to Watch
Contributed by: Michael Vodicka (http://www.zacks.com/) -

Orion Marine Group, Inc. (ORN) has been locked into an amazing rally for the last 2 months as the overall market and analyst estimates have strengthened. Shares of OMGI bottomed out in early March just below $8, having since topped off above $19.50, an incredible short-term return of more than 200%. After setting the new 52-week and all-time high, shares have pulled back a bit, responding to a bit of short-term resistance where some congestion has developed. Take a look below.

Companhia de Bebidas Das Americas (ABV) has dipped lower in the short-run after logging a very solid 3-month run that began in late February when shares bottomed out just above $36. This stock has since traded above the $61 mark. The trend line that has been supporting prices is still in play, while the stochastic is signaling that shares are approaching over-sold territory. Take a look below.

Zacks Investment Research

Last 5 posts by Michael Vodicka





About Michael Vodicka (http://www.zacks.com/)
Michael is an Editor at Zacks Investment Research who covers the Momentum and Aggressive Stocks for the Zacks Rank Buys.

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