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Stock : SGR |
| Stock Recommendations : Buy |
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| Sector : Construction |
| First Resistance : 17.99 |
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| Stock Name : Shaw Group Inc |
| Second Resistance : 36.53 |
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| Buy Near : 11.05 |
| Third Resistance : 51.42 |
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| StopLoss : 8.00 |
| First Support : 11.05 |
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| Posted date : 8/31/2008 12:00:00 AM |
| Second Support : 9.61 |
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Shaw Group Inc (SGR) involved in construction and engineering business that includes engineering and analytical support services, electrical construction, infrastructure construction and manufacturing of construction materials.
This business have good potential with weak economy because government can declare major projects to offer employment and again Bush did Nuclear agreements with India and India Planning for $90 billion Nuclear electric power plant, In case if US got 30% of that order its going to offer good return like this company. Due to economic crises this stock comes too much down. But if you look companies involment in nuclear power plant construction capacity then its looks reasonable to buy this stock. Buy near $11.05 / 9.61 because it’s all ready over sold and majority long and short term indicator shows it’s in oversold position so it can jump up any time. In case when it come near $11.05 / 9.61 consider as a buying opportunity. At present technical analysis | stock analysis and fundamentally company looks good buying member, you can add in your portfolio. In down trend stock market for any stock investments there is always high risk but high risk high return and low risk low return. Shaw Group Inc (SGR) you can consider for Stock Market Investment, Trading, Stock trading, Stock Investing, Day trading, Stock picks, Breakout Stocks, penny stocks
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