San Diego, CA 9/30/2009 1:00:30 AM
Technical Outlook for WBMD, SIM Updated
Grupo Simec S.A.B. de C.V. (SIM) and WebMD Health Corp. (WBMD) undergo some chart scrutiny.
Technical outlooks for WebMD Health Corp. (WBMD) and Grupo Simec S.A.B. de C.V. (SIM), both current picks of the Small Cap Network newsletter, have been provided at the smallcapnetwork.com website. Grupo Simec S.A.B. de C.V. shares have entered a new and somewhat-troubling trading range, while WebMD Health Corp. shares have overcome a significant technical threat.
Traders can review the charting analysis of WebMD and Grupo Simec, along with similar trade commentary and market forecasts, by visiting: http://www.smallcapnetwork.com/s/.
Grupo Simec S.A.B. de C.V. was recommended back on May 5th at a price of $5.57. The stock has made food progress since then, but the recent failure to continue a bullish pattern has put the larger uptrend in question. WebMD was suggested on June 18th at $29.16. It too rallied for quite some time, but began to falter a month ago. The stock's run has started to gel again, but has not yet fully recovered.
About WebMD
WebMD Health Corp. (Nasdaq: WBMD) is the leading provider of health information services, serving consumers, physicians, healthcare professionals, employers and health plans through our public and private online portals and health-focused publications. WebMD Health Corp. is a subsidiary of HLTH Corporation (Nasdaq: HLTH).
About Grupo Simec, S.A.B. de C.V.
Grupo Simec, S.A.B. de C.V. engages in the manufacture, processing, and distribution of special bar quality (SBQ) steel products primarily in the United States and Mexico. Its steel products include I beams, channels, angles, wire rods, electro-welded wire mesh, semi-finished tube rounds, cold finished bars, rebar, and flat bars, as well as hot rolled bars, which comprise round, square, and hexagonal rods. The company's SBQ products are used in various engineered end-user applications, including axles, hubs, and crankshafts for automobiles and light trucks, machine tools, and off-highway equipment. Its structural steel products are used in the non-residential construction market and other construction applications. The company sells its products primarily to the construction, appliance and automotive industries. It also has operations in Latin America, Europe, Asia, and Canada. Grupo Simec, S.A.B. de C.V. was formerly known as Grupo Simec, S.A. de C.V. and changed its name to Grupo Simec, S.A.B. de C.V. in October 2006. The company was founded in 1969 and is based in Guadalajara, Mexico. Grupo Simec, S.A.B. de C.V. is a subsidiary of Industrias CH, S.A.B. de C.V.
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The Small Cap Network web site and free newsletter offer in-depth fundamental research and technical trading recommendations on select companies within the global equity markets, including small company stocks, micro cap stocks, bulletin board stocks, and other actively traded stocks.
Forward-Looking Statement: This press release may include or imply "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
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Source: Small Cap Network
http://www.smallcapnetwork.com/Stock-Market-Update-Mondays-Flawed-Rally-Which-Sectors-Are-Hot/af/archive/20090929-1/
