WHite candle today. Looks like she wants to move. Keep a watch.
I'm definitely no pro when it comes to stock analysis but this chart is looking pretty good to me. If it can break through $2.85 which was set back on Feb 22nd, I think it could make a real nice push. This is another one of those oil industry related companies. If you are a believer that oil prices will continue to rise, this may be a solid investment.
Thanks for your input YouMakeThePick ! (applaud)
This is definitively a bullish pattern, I'm putting BMD on my watch list !
Welcome to 3SOF !
Busted through $2.85 :o (currently at $2.88)! Let's see if we can get a close above that point.
BMD closed @ $2.92 on the highest volume it's seen since March. Will this bullish pattern continue now that it has closed above its previous 52-week high? It will be interesting to see how it performs over the next few days.
Birch Mountain Resources, Ltd. engages in the exploration of precious and nonprecious metals, and industrial minerals. The company owns approximately 316,761 hectares mineral exploration rights in Athabasca and Birch Mountains, Alberta.
We're looking pretty good here. I first mentioned BMD at 2.67. Closed at $3.57 today. I'm still holding. From a TA point of view, at what level should I plan to sell?
Here's a chart to help...
Cash is king. You are never wrong when you sell for a profit.
Personally, I'm a little market weary right now as it seems to be in a funk/correction.
My take: sell half, move on.
Sold at open for a 32% profit! ;D
nicely done YouMakeThePick! ;) I have to applaud this solid trade. 8)
BMD closed above $4 today. I guess I should have sold a little longer. I'm wondering how long this uptrend can continue...
fyi ;)
profile:
Birch Mountain is developing the industrial mineral potential of our extensive mineral properties in the oil sands region of northeastern Alberta. Limestone from the MVQ and Hammerstone will be marketed as construction aggregates and as rock for making concrete and asphalt. Reagent grade limestone can be used directly or in processed form as quicklime in applications such as flue gas desulphurization, water treatment, pulp and paper manufacturing, and soil and biosolids stabilization. Birch Mountain believes the strong global demand for oil and the heightened profile of Alberta's oil sands will ensure long-term demand for limestone products from the MVQ and Hammerstone Project.
latest news:
Birch Mountain expands size and scope of Hammerstone Project
Monday , February 06, 2006 16:23 ET
CALGARY, Feb 06, 2006 /PRNewswire-FirstCall via COMTEX/ -- Birch Mountain Resources Ltd. ("Birch Mountain" or the "Company") (BMD:TSXV and AMEX) has filed a Project Update - Public Disclosure Document with Alberta Environment confirming for the public and regulatory authorities the Company's intent to file an application for an expanded quarry and the additional facilities comprising the Hammerstone Project.
The size of the Hammerstone Project described in the Project Update is larger than contemplated in the original public disclosure document release one year ago, primarily because oil sands construction is now proceeding at an accelerated pace. The scope of the project has also increased and includes enlarged lime producing facilities with hydrated lime and milk of lime plants, as well as a cement plant and a facility to receive and regenerate spent lime produced in oil sands water treatment. When approved, the Hammerstone Project will be the successor to the recently opened, aggregate-only Muskeg Valley Quarry (MVQ) that will then be incorporated into the Hammerstone Project.
In response to the evolving market in the Fort McMurray region, a number of new products have been added. Asphalt rock will be produced for road surfacing. Both lime and reagent grade limestone products will be key enablers for the shift to alternate fuels. These include bitumen, petroleum coke, asphaltenes and coal, and are seen by the oil sands industry as replacements for natural gas as a source of fuel, power and hydrogen. Both lime and reagent limestone can be used to scrub sulphur from flue gases produced by direct combustion of alternate fuels, producing byproduct gypsum. Reagent limestone and alternate fuels can also be combined in a gasifier to produce synthetic fuel gases and hydrogen, while capturing sulphur as byproduct gypsum prior to combustion. Birch Mountain has also incorporated a portland cement plant into the Hammerstone Project. Cement is expected to continue in high demand for the foreseeable future.
"We've received strong support from industry and government to develop a local supply of cement and reagent limestone products," said Doug Rowe, Birch Mountain's President and CEO. "The environmental impact assessment for the Hammerstone Project is in preparation and although some additional analysis will be required to address the new facilities, this should not delay filing the application in the spring," he continued. Senior Vice President Derrick Kershaw explains, "We are designing an integrated facility to meet the industry's need for construction products and reagents, as well as providing full-cycle environmental solutions for spent lime recycling and gypsum disposal."
The entire Project Update - Public Disclosure Document is available on the Company's website at: www.birchmountain.com.
Birch Mountain is developing the industrial mineral potential of our extensive mineral properties in the oil sands region of northeastern Alberta. Limestone from the MVQ and Hammerstone will be marketed as construction aggregates and as rock for making concrete and asphalt. Reagent grade limestone can be used directly or in processed form as quicklime in applications such as flue gas desulphurization, alternate fuel gasification, water treatment, pulp and paper manufacturing, and soil and biosolids stabilization. A portland cement plant has been added to the planned facilities. Birch Mountain believes the strong global demand for oil and the heightened profile of Alberta's oil sands will ensure long-term demand for limestone products from the Hammerstone Project.
nice TA:
updated chart:
hey Oliver - BMD got rejected at that trendline that corresponds with the 50dma on your chart. Sold off on 2x volume. Bearish engulfing candlestick. Time to go short?
Hi Luke,
well I am not quite sure, let´s check the chart, would this be really a sign for shorting?
Personally I am sure that BMD will be higher in the near term future
cheers
O.
Bouncing off the bottom ! :D
"BMD" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;)
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock.
Thank You....and good luck with all your trades....make some $$$ ;D
Friday's closing chart....... "Happy New Year" !
Been moving really nice to the upside since the last post.
Wall Street Strategist / Charles Payne
6/15/2007 12:01 AM ET
Ignore the chatter; oil is still No. 1
http://articles.moneycentral.msn.com/Investing/StrategyLab/Rnd15/P5/WStreetStrategistJournal20070615.aspx
52wk Range: 1.95 - 5.14
Volume: 2,438,200
Avg Vol (3m): 444,396
Technicals
Most Actives
Percentage Gainer
Last Price Quote is:
22.01%above 13-day MA
17.97%above 50-day MA
RS Rating: N/A
Fundamentals
Key Data:
Market Cap (M): N/A
P/E Ratio: N/A
PEG Ratio: N/A
Next Earnings: 08/13/2007
Last Analyst Rating: N/A
Press Release Source: Birch Mountain Resources Ltd.
Birch Mountain signs multi-year contract to supply aggregates
Tuesday June 19, 12:34 pm ET
CALGARY, June 19 /PRNewswire-FirstCall/ - Birch Mountain Resources Ltd. ("Birch Mountain") (BMD: TSX and AMEX) is pleased to announce that it has signed a three-year contract with Suncor Energy Inc. (SU: TSX and AMEX) for the supply of an array of construction aggregates from its Muskeg Valley Quarry, effective June 2007.
"This marks the first long-term aggregate contract of its kind in the oil sands" says Joel Jarding, President and Chief Operating Officer. "Shifting to longer term contracts as opposed to the historical spot market is a strategic opportunity for Birch Mountain with mutual benefit to the customer. This contract confirms Birch Mountain as a reliable supplier of high quality aggregates in the oil sands region, with the reserves to enter into longer-term arrangements. We look forward to partnering with Suncor and delivering value to their expanding operations."
The terms of the contract are confidential.
Suncor pioneered the commercial development of the Athabasca oil sands and during the past 40 years has expanded their production capacity of synthetic crude oil to an average of 260,000 barrels per day (bpd), with announced plans to grow to 550,000 bpd by early in the next decade.
Birch Mountain's Muskeg Valley Quarry is now operating with two 12-hour shifts, 24 hours per day, 7 days per week processing aggregates to multiple specifications, producing and shipping on a continuous basis to supply the rapidly growing needs of construction projects in the Fort McMurray oil sands region.
Forward Looking Statements: This news release contains certain forward-looking statements. All statements, other than statements of historical fact, included herein, including without limitation, statements regarding potential mineralization, resources and reserves, exploration results, research and development results, and the future plans and objectives of Birch Mountain are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from Birch Mountain's expectations are disclosed elsewhere in documents that are available to the public at www.sedar.com and www.sec.gov.
--------------------------------------------------------------------------------
Source: Birch Mountain Resources Ltd.
I'm trying to figure out the "story" on this one.