International stock news

Rss Today on Proactive AU

2014-07-28

Spectrum Rare Earths increases grades at Skyfall Magnetic Rare Earth project

 
Results back from trial pitting at Spectrum Rare Earth’s Skyfall Magnetic End Use Rare Earth Prospect in the Northern Territory show an improving grade profile. Skyfall has one of the highest distribution of Magnetic Rare Earths when compared to other rare earth prospects around the world.
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Rss Today on Proactive UK

2014-07-26

EasyJet – Coming in for a landing?

 
By Alistair Strang, Trends and Targets Ltd Before getting airborne, I’d like to say hi to my regular postman. The bloke knocked the front door on Wednesday, not to deliver a parcel but instead to say “Thanks”. I write this weekly column then forget about it lest all the numbers clog up my mind It transpires our village postie read my piece on Proactive dealing with Royal Mail and decided to off-load some of his shares on the Monday. They were nearly 30p cheaper and at my target level on Wednesday! For an analyst and a writer, it’s hard to explain how flattering and scary it is to find people not only read my mumbles but even act upon them. However, as I explained to the postie, I’ll revisit RMG when I figure out what it intends do next as the price hit my drop target, then effectively stopped. Thankfully, I doubt I can expect any airline pilots turning up over my house… So it’s safe to mention EasyJet (LSE:EZJ) is probably due a hard landing at 1056p. As the RED line from 2011 indicates, it even makes sense. However, to judge by movements during 2014, the share price need not do too much work to escape the drop argument. It need only climb above BLUE and all my sums turn to paranoid dust. Currently, BLUE is at 1458p and movements in the last week bother me a lot. The share had achieved a sufficient head of steam which was supposed to take the price to 1484p. But something has derailed this near term possibility and instead, dropped 1056p firmly on the table. I can even calculate a secondary below such a point and it’s a 917p. Given this would break the uptrend for the last three years, I’ve some doubts over this figure.       Near term, in the event of EasyJet trading below 1264, I’m calculating weakness to 1108 with secondary 1056p. The market forced the price from the immediate upward cycle by gapping the price down on July 24th. So, even though it may experience some sort of fake bounce in coming days to 1417p, it seems safe to assume the share price intends some relaxation in months ahead. Unless, of course, it exceeds BLUE on the chart. Currently, everything seems legislate against it. As usual, get in touch with any requests for this column. Alistair  Alistair Strang Website at www.trendsandtargets.com - always an evolving process!  
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Rss Today on Proactive US

2014-07-26

Dow gives up 17,000 level as Amazon and Visa dampen sentiment

 
U.S. stocks dropped sharply Friday as markets were weighed down by ongoing turmoil in Ukraine and Gaza, while Amazon shed more than 10% on the back of some disappointing quarterly results and Visa was hurt by its weak outlook.
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