NGA

[boatguy]

NGA support and resistance

[boatguy]

NGA is getting some volume now and has hit the HOD at $7.10- up 10%

[boatguy]

 

[Melf Elf]

Nice job on this one, boatguy!  Applause.

This was looking like it might be forming the Right Shoulder of a BIG "nested" H&S Top, but it broke out of a W-Bottom, came back and re-tested the breakout, then MADE the 6.94 target yesterday.

Math:

5.68 high - 4.42 low = 1.26 points + 5.68 = Target: 6.94

Given the upward slope of the "possible" neckline, it still could be putting in a Right Shoulder here, but the upside takeout of 6.72, which was the high of the "nested" H&S Top, puts some pressure on the shorts.

Continued good luck!

[boatguy]

Thanks Melf!

Go NGA

Up 35% since re-entering

Partial sell at $7.42

Expecting earnings this week!!

[Melf Elf]

Thanks Melf!

Go NGA

Up 35% since re-entering

Partial sell at $7.42

Expecting earnings this week!!

Boatguy,

Very nice!  Good idea to bank some going into earnings.

You got a pennant breakout this morning, crossing 6.78 , which put 7.82 IN PLAY  That put additional pressure on the shorts, so the combination could at least partially explain today's quick run-up into the mid-7s after the print of 6.79 (the breakout).

6.72 , you will remember, was the high of the Right Shoulder.

Good luck with your remaining position.

[Melf Elf]

You got a pennant breakout this morning, crossing 6.78 , which put 7.82 IN PLAY That put additional pressure on the shorts, so the combination could at least partially explain today's quick run-up into the mid-7s after the print of 6.79 (the breakout).

This chart is a good example of two things:

1. A short-term short squeeze on the upside takeout of a Right Shoulder (the 6.72 high in August)

2. "Take profits when targets get MADE."

The 7.82 target MADE, and was exceeded by seven cents on October 30, then they pulled the plug on it. 

Down 30.3% from the 7.89 high! 

Partial sell at $7.42

Expecting earnings this week!!

Ver-ry nice, Boatguy!!  Applause.

[boatguy]

NGA coming back

AZZ earnings up again!! NGA to follow?

AZZ Reports Sharply Higher 3Q Profit

http://biz.yahoo.com/ap/070105/earns_azz.html?.v=1

[boatguy]

NGA again

In @ $5.50

North American Galvanizing & Coatings Reports Fourth Quarter and Fiscal 2006 Earnings

North American Galvanizing & Coatings, Inc. (Amex: NGA - News) reported today quarterly net income of $1,006,000, or $.12 per diluted share, for the fourth quarter of 2006 compared to quarterly net income of $254,000 or $.03 per diluted share, for the fourth quarter of 2005. For the year ended December 31, 2006, the company's net income was $4,535,000 or $.60 per basic share and $.58 per diluted share, compared to net income of $644,000 or $.08 per diluted share for 2005. The increase in net income is primarily a result of the increase in sales volume and average selling prices.

Interesting that the company is stressing that the increase in earnings is not due to just the increase in profits from forward market purchases

"Pricing on the Company's zinc purchases during the three-months ended December 31, 2006 did not vary significantly from current market prices. Favorable impact from forward purchases of zinc at prices lower than current market contributed $2.9 million to operating income during the first six months of the year ended December 31, 2006. The Company's operating income did not benefit from forward market purchases during the fourth quarter."

[miris]

North American Galvanizing & Coatings Reports Record First Quarter 2007
Revenues Increase 52%, Net Income Doubles

[miris]

up

[boatguy]

$$$$$$$$$$$ Ka-Ching

$13.23 now

[boatguy]

Smokin!

1 minute chart

[boatguy]

NGA still hot!

[boatguy]

Everyone else is buying, time to lighten up