This is an Aluminum fabricator. It was on a nice run - beautiful chart, low pe, 4% dividend.
how can you beat it. Well it took a bit of a dive the past few days and is up 11% today.
May be one to check out - one of my faves for under $10. It was also one of IBD's stox of the week two weeks ago (the friday list).
http://finance.yahoo.com/q?s=ERS
Empire Resources, Inc. engages in the purchase, sale, and distribution of principally nonferrous metals to customers in the transportation, automotive, housing, appliance, and packaging industries in the Unites States, Canada, Australia, and New Zealand.
ERS is back in play. Appluad Saffey.
I dont know whats exactly driving it up but happy to hold it. Would suggest David to have a look at it.
The numbers look great and the best chart in the bunch - should make the IBD 100 in the top 10 and get lots of exposure if it can hold 15!
http://finance.yahoo.com/q/bc?s=ERS
Last Trade: 16.01
Trade Time: 3:16PM ET
Change: 0.51 (3.29%)
Prev Close: 15.50
Open: 15.94
Bid: N/A
Ask: N/A
1y Target Est: N/A
Day's Range: 15.81 - 16.50
52wk Range: 3.60 - 15.98
Volume: 416,100
Avg Vol (3m): 133,186
Market Cap: 155.99M
P/E (ttm): 19.08
EPS (ttm): 0.84
Div & Yield: 0.20 (1.40%)
Mortgage rates as low as 3.95%- Refinance now. Intro -*Terms
Finished the week a hair under 18 and #1 on the IBD 100 for some great exposure. Metal stocks are HOT right now and this is the best one out there.
http://finance.yahoo.com/q/bc?s=ERS
The stock has held up strong on a down day and finished over 20 on good volume. With the price of aluminum double what it was a year ago, I can see this stock in the 25+ range soon.
It should be #1 on the IBD 100 again if it can keep at its current level giving it much exposure. It still does not have the big institutional ownership yet.
The opinion poll says 100% buy!
http://quotes.barchart.com/texpert.asp?sym=ers
The chart says "I got room to grow"
http://charts3.barchart.com/chart.asp?sym=ERS&data=A&jav=adv&vol=Y&evnt=adv&grid=Y&code=BSTK&org=stk&fix=
And Snowcat says "Hey, who lit my 3 socks on fire"??
If you are holding ERS like me you must be 'wow'ing to say the least. The company made to the top of IBD100. Technically you can can see the bullish chart below.
Wow. I take a day off and the stock falls to bits.
Don't worry, I'll fix it.
Getting it back on track as I write.
http://stockcharts.com/def/servlet/SC.web?c=ers,uu[h,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G
+2
should be IBD #1 again - up 10% - go figure
http://stockcharts.com/def/servlet/SC.web?c=ers,uu[m,a]daclyyay[pb50!b200][vc60][iUb14!La12,26,9]&pref=G
Earnings Play
Today ERS $41.74 +$6.72 +19.19%
Looks Good Short Term.
Any Thoughts?
-MOABHQ
Time to buy again. Up on good volume (for a 1/2 day). This top notch Aluminum company fell during the June collapse for no reason.
Fell from 60 - buy now at 15. This is a good company and the stock just took a beating.
see you at 20!
http://finance.yahoo.com/q?s=ers
ERS id make a nice move today but the overhead supply will be hard to overcome imo. I don't know if "smart money" will come back in knowing that the climb might be hard because of the overhead supply. Just my thoughts of course and this stock was hot once before so it could turn around.
I'm in, so the "smart money" is in. :D
The overhead it has is nothing compared to the potential for gain. It fell on June 2nd when the rest of the market fell for no reason. This will be at 20 and higher where it belongs.
The PE is low and the earnings are high. Aluminum is in high demand .
Hi,
We can played for a rebound...A double bottom is formed
Close at 11.80
target at 15.40 - 17.50
stop loss at 10.87
Reward/Risk ratio of 76.6 / 8.5 = 9...Very good and it is based on first target at 15.40
nice move with volume 4 times the average. :)
;)
looks like a trend reversal to me ;)
trend reverse. volume stable ;)
Reversal it is .. >:D
results annouced stock going south.
Empire Resources Announces Third Quarter Operating Results
Monday November 13, 4:26 pm ET
FORT LEE, N.J., Nov. 13 /PRNewswire-FirstCall/ -- Empire Resources, Inc. (Amex: ERS - News), a distributor of value added, semi-finished aluminum products, today announced net income for the three and nine months ended September 30, 2006 of $1,968,000 and $7,061,000 as compared to $2,388,000 and $7,134,000 for the same periods in 2005. Net income for the three and nine months ended September 30, 2006 decreased to $.20 and $.70 per share on a fully diluted basis as compared to $.24 and $.72 per share on a fully diluted basis for the same periods in 2005.
Net sales for the three and nine months were $106,261,000 and $316,168,000 as compared to $90,777,000 and $260,237,000 for the same periods in 2005. Net sales increased 17% for the three month period and 21% for the nine month period as compared to the prior year.
Empire Resources, Inc., is a distributor of a wide range of semi-finished aluminum products to customers in the transportation, automotive, housing, appliance and packaging industries in the U.S., Canada, Australia, New Zealand and Europe. It maintains supply contracts with aluminum mills in various parts of the world.
This press release contains forward-looking statements. Such statements involve various risks that may cause actual results to differ materially. These risks include, but are not limited to, the ability of the company to grow internally or by acquisition and to integrate acquired businesses, not being able to improve operating margins and efficiencies, changing industry and competitive conditions, and other risks referred to in the Company's registration statements and periodic reports filed with the Securities and Exchange Commission.
..and I shorted it 5 minutes after the results were released >:D. My first short and I am loving it :)
NICE !! Good luck with your trade rspisek!!
I'm playing ERS for a bounce here, based on my CCI crossover strategy. CCI has just moved up from below -100, and ERS got a bounce off a supportive trendline from recent lows. I think this one could be good for a quick run to $12.30 gap resistance. Secondary target, bottom of the gap at 11.52. Needs to break through resistance at $10.93 and the 50SMA. Support at 10.45, 10.25 and 9.95. I got filled this morning at 10.66, putting a stop in for 10.22. risk on the trade: just over 4%, reward: just over 15%. Lets hope it goes well...
By the way, have a look at the 1 year chart on ERS if you want to get the full picture - could be voted most ridiculous stock of the year!!!
ERS rallied this week, but encountered some resistance around the 11-11.15 level, which also coincides with the 50MA. There is still an open gap between 10.26 and 10.50 that has not been filled, and it could pullback to this level. It could also come back down to test the ascending trendline which I put at around 9.80 as of friday's close. I am still looking for it to rebound to fill the open gap above, with a target around $12.30, but it may not be ready to do that just yet. Will see what next weeks action brings, but for now I am maintaining my stop at 10.22.
Well the gap got filled this morning and my stop got tagged too - it is now moving higher, but there you go. (aussie's question about all my stop losses getting hit seems to be coming true....) Sold @ 10.24: loss on trade: 4.03%
ERS 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. ;D
All history on a stock pick in 1 thread is awesome. ;)
Thank You....and good luck with all your trades....make some $$$
Bought ERS at 11.86. Seems like its ready to rock to me. This stock likes to move fast, hope it moves my direction
hey bjc,
I picked up some ers at 11.86 today too... strange coincidence huh? Man it annoys me when stocks do this (i.e. I call them right then they tank and shake me out, only to do a quickfast reversal!) But ERS was looking very strong today. The small W-bottom has a conservative-leg target of (11.19-10.06= 1.13+11.19) 12.32. It will be interesting to see if it can break above gap resistance at 12.30 tomorrow. If it does, it could well have a run in it here.
I think as long as the metal sector does okay, ERS will do okay.
Nice call!! Very strong bounce off of support right @ 11.64. This thing really moves with such a low float. Added more today @11.70, looking for $14 - $16. Nice call
ERS is behaving pretty nicely. Volume dried up after the last run up while the stock lost minimally. Needs to break 12.79..
Got the push, broke the 12.79 high from about a week ago and also broke 13. Closed strong at 13.30, +1.07 (8.75%) on above average volume. >:D
Broke downtrend line that started in may 06 going through the 16.90 high on the recent late Oct runup.
I'm anticipating another big day tomorrow. Considered selling 1/3 or so at the end of the day, but decided against it. Kinda wish I did, but we'll see..
Sold half yesterday at 12.62 and half today at 12.16. Combined gain about 4.6%. Just didn't like the way it's acting...protect profit.
Didn't really have any plan to begin with anyway, which is stupid.
ERS looking dangerous right now. Could go either way. Watch for break of the large triangle, but H&S suggests a bearish tone.
Watching ERS once again after very good earnings a few days ago. Empire has been a neglected stock long enough. We may finally be seeing a turnaround. If so, big money will take notice as they re-evaluate the company. A retest of last years highs would make this old man happy.
FORT LEE, N.J., May 15, 2007 /PRNewswire-FirstCall via COMTEX/ -- Empire Resources, Inc. (ERS), a distributor of value added, semi-finished aluminum products, today announced a 40% increase in revenues from $99,569,000 in the first quarter of 2006 to $139,841,000 for the first quarter of 2007. The Company also reported a 6% increase in gross profit from $7,927,000 in the first quarter of 2006 to $8,418,000 in the first quarter of 2007. The Company announced net income of $2,411,000 for the first quarter of 2007, compared to net income of $2,420,000 for the first quarter of 2006. Earnings per share on a fully diluted basis remained constant at $0.24 per share.
Empire Resources, Inc. is a distributor of a wide range of semi-finished aluminum products to customers in the transportation, automotive, housing, appliance and packaging industries in the U.S., Canada, Australia, New Zealand and Europe. It maintains supply contracts with aluminum mills in various parts of the world.
Reuters Report Below http://stocks.us.reuters.com/stocks/financialHighlights.asp?symbol=ERS&WTmodLOC=L2-LeftNav-15-Highlights