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NGA

Started by boatguy, June 24, 2006, 08:09:10 AM

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boatguy

NGA
NGA had a nice run with this news:

North American Galvanizing & Coatings Reports Record First Quarter 2006 Earnings

TULSA, Okla., April 26 /PRNewswire-FirstCall/ -- North American Galvanizing & Coatings, Inc. (Amex: NGA - News) today reported quarterly net income of $982,000, or $.14 per basic share and $.13 per diluted share, for the first quarter of 2006, compared to net income of $97,000 or $.01 per basic and diluted share for the first quarter of 2005. Sales for the period were $15.4 million compared to $9.2 million for the prior year, a 66% increase.

NGA is down with the rest of the market but has started to recover and with the anticipation of this quarters numbers will likely trade higher. If NGA can meet or exceed last quarters numbers this stock may take off to new highs!

boatguy

#1


NGA Breakout!!  ;D

High of $5.80 so far, support $5.40

boatguy

Good day today for NGA ;D  Closed at $5.56

I think todays run up may have been due in part to this news from AZZ another galvinizing company:

AZZ 1Q Profit Soars
Friday June 30, 7:41 am ET

AZZ 1st-Quarter Profit Nearly Doubles on Strong Bookings, Higher Prices

"Electrical and industrial products revenue increased by 9 percent to $31.5 million, while revenue from its galvanizing service segment grew 31 percent to $20.9 million."

http://biz.yahoo.com/ap/060630/earns_azz.html?.v=1

Hopefully we will see new highs inb anticipation of similar results for NGA!

boatguy

#3
High volume day for NGA considering the short day.

The open was unusual, no trades for a minute or so then a 100 share trade at $6.50 which was the high of the day. NGA then traded in the 5.80 area up to 6.40 and came down the last few minutes to close at $6.05. Guess the mm's didn't want another white candle so they manipulated the open.

NGA is on many peoples radar now and I expect we will see new highs going into next week.

boatguy

NGA rocks!! ;D ;D ;D

Volume has arrived with new 52 week highs and a close near the HOD.

Sold some more here at 6.98  ;)


boatguy

#5
Stopped out at 7.20 :'( :'(

boatguy

Put NGA on watch again ;)

Earnings soon

boatguy

 ;D Back in for half a position at 5.30

boatguy

#8
NGA looking good this morning ;D

Gap up this morning with increasing volume-$5.77 now hope to see 6$ soon!!

Update: AZZ (same business) had record earnings and it's galvanizing service is expecting revenues to double this year.

AZZ shares soar after Q2 results, 2007 outlook increase

http://yahoo.reuters.com/news/articlehybrid.aspx?storyID=urn:newsml:reuters.com:20060929:MTFH01078

A close above the 50 day MA is very bullish for this stock


njshiva


boatguy

Thanks njshiva :D

NGA running on high volume- new HOD up over 20%

Hope you got in early

boatguy

NGA is hot, earnings due late October so expect more upside to this stock!

njshiva

good for you boatguy!!! up 25% in one day...awesome!!! >:D
I think this one will go up further. I will take a position next week.


sebfr


boatguy

G spot breakout early in the week, more upside coming ;)

Moved stop up