TwinTrader.com announces the publication of Breakout for FOE; highlighting public companies on the move and what’s behind the surge.
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“Ferro Corp. produces specialty materials and chemicals for a range of manufacturers worldwide. It offers inorganic specialty products, including glazes, frits, enamels, pigments, dinnerware decorations and other performance materials…
“Ferro recently announced price increases between 6% and 12%, and up to 20% in specialty products. The new pricing is effective September 1, 2008, in North America. The company cites rising titanium dioxide input costs…
“The 50-day moving average has been climbing nicely above the 200-day moving average, indicating a strong bullish move. The 50-moving average has been a level of support since breaking back above it during the market turmoil in July. The RSI is reading neutral at 50.95. The MACD is turning down, a bearish development...”
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