Potential Buy Alert

SGM – Sims Metal Management

Stock : SGM – Sims Metal Management

Current Price : 14.73

Status : On Watch for higher low

SGM is looking good and ready to push up out of contraction. We still see that the buyers have some work to do but we are now watching for a higher low to build. If we see the higher low then that is a good heads up that the buyers are back in control and continuing the trend higher.