Globe Specialty Metals (GSM) : Traders are bullish on Globe Specialty Metals (GSM) as it has outperformed the S&P 500 by a wide margin of 6.93% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.98%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.15% in the last 1 week, and is up 6.36% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 6.91% and the 50-Day Moving Average is 1.9%.The 200 Day SMA reached 2.07%
Globe Specialty Metals (NASDAQ:GSM): After opening at $9.11, the stock dipped to an intraday low of $8.93 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $9.23 and the buying power remained strong till the end. The stock closed at $9.03 for the day, a gain of 0.11% for the day session. The total traded volume was 604,918. The stocks close on the previous trading day was $9.03.
Globe Specialty Metals (GSM) stock is expected to deviate a maximum of $2.56 from the average target price of $12.31 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $16 and the most muted being $10.
Ferroglobe PLC, formerly VeloNewco Ltd, is a United Kingdom-based company. The Company is engaged in the production of silicon metals and alloys.