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TS
TENARIS SA ADS
Weekly Commentary

Our system posted BUY CONFIRMED . The previous SELL recommendation that was confirmed was made on 07.02.2010 (63) days ago, when the stock price was 37.3300 . Since then TS has fallen -2.84% .

BUY-IF is confirmed by a white candlestick with a lower open and a higher close. The confirmation price is taken as the previous close (34.340) according to Rules of Confirmation.

Patience pays off. The market wavered a week but finally confirmed the recent bullish formation. The dose of the previous week was not enough for a BUY-IF confirmation but this week it is. Though the market opened lower this week, the price activity created a white candlestick that closed above the previous week's close. This is a valid confirmation criterion. The market is now ready for a bullish move.

We hope that you acted quickly and already bought this stock. Your important benchmark was the previous week's close. You were supposed to watch the sessions during the week carefully, closely monitor the current confirmation status posted daily, feel the bullish tendency of the market despite the lower opening, and go long after making sure that the prices stay over the previous week's close.

If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on safe grounds as long as the future prices continue to trade above the benchmark price. What to do if you did not buy? Maybe, you did not have time to follow the sessions during the week or you simply delegated the delicate job of confirmation to us. Well, it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions.

The market is currently cold for short-sellers. Avoid any short sales and cover the short positions if there are any.

Data provided by:  End of Day Data

 
BUY
CONFIRMED
36.270
+1.9300 +5.62%
Candlestick Analysis
This Week's Patterns: White Candlestick
Candlestick Pattern


This week a White Candlestick was formed. This represents normal buying pressure.
For more about this candlestick click here.


 
 
Stock Quote
Week's Close 36.270
Previous Weekly Close 34.340
Previous Weekly Open 35.400
Change +1.9300
% Change +5.62%
Volume 6,327,906
 
Stock Activity
Week's Open 33.890
Week's High 36.520
Week's Low 33.390
20-Week Close M.A. 37.491
50-Week Close M.A. 39.976
20-Week Volume M.A. 10,969,771
 

Two-Year Signal History
Week of          Price   Signal $100
Became
09.03.10 34.340    Buy   139
07.02.10 37.330    Sell 139
05.28.10 36.680    Buy 137
01.29.10 45.060    Sell 137
01.15.10 46.400    Buy 141
11.27.09 40.630    Sell 141
10.16.09 38.360    Buy 133
10.02.09 34.920    Sell 133
09.18.09 32.600    Buy 124
09.04.09 29.460    Sell 124
07.24.09 28.400    Buy 120
07.02.09 26.980    Sell 120
03.20.09 18.760    Buy 83
12.26.08 20.660    Sell 83
12.12.08 19.710    Buy 79
11.21.08 22.070    Sell 79
11.07.08 20.590    Buy 74
10.03.08 39.560    Sell 74
08.29.08 53.350    Buy 100
07.18.08 67.620    Sell 100



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