Weekly Comments – January 9, 2017 – BCOR, FF, MWA, REX

BCOR  –  Trading guide revisited.  Shares of Blucora have moved higher and into the Trim range of our trading guide.  Nonetheless we have retained our Technical Buy rating on the stock.  Our view is that the stock is more likely than not to remain in an upward…

FF  –  Look back at trading guide.  Shares of FutureFuel have moved lower, sinking into the Add range of our trading guide, while our rating has remained Hold.  At the present time the shares appear to be trending downward or at least moving sideways in along a…

MWA  –  Rating change.  We continue to look favorably at Mueller Water Products, especially since the passage of the Water Infrastructure and Investment Act in December 2016, which makes available significant sums for the construction of water…

REX  –  Developments in technical indicators.  We note that last week in the final day of trading shares of REX American Resources completed formation of a particularly bearish technical indicator called at ‘Double Bottom Breakdown’ in a Point and Figure…

 

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