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Simclar, Inc. contract manufactures electronic and electro-mechanical products. The products are manufactured to customer specifications and designed for original equipment manufacturers in the data processing, telecommunications, instrumentation, and food preparation equipment industries.
Simclar broke out of a long and flat base in early May. So far, its rise has been meteoric. Will it continue after this recent pullback?
Who knows? But the odds of that are looking pretty good. Especially after today’s move up out of the June bull flag. Notice how the volume was receding as price was falling in June and then it picked up as price increased:
Simclar bears a striking resemblance to the other chart I posted (where I asked, would you buy this stock?). Obviously they are different charts and stocks. I’ll let you mull over that mystery a bit more. I’ll reveal the name of the stock tomorrow (look for it in the comments of the original post).
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