by Jeff Pierce, Zentrader
I’m working on a new stock screener that yields very few results but when they do they can be powerful movers. Graf Tech International (NYSE:GTI) fits a certain chart profile I’m looking for and it’s reaction to earnings in November is a good sign that the up move it started then isn’t over. The next earnings report isn’t until Feb 27 according to Briefing.com so there’s plenty of time for this to have a pre-earnings run up and that is what I’m expecting should we break out of the current diamond pattern. Everything looks to be in order from a RSI Relative Strength Index) perspective on both the daily and weekly time frames.
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