RAMR Is Ready To Go Up
The Bermuda based insurance company RAM Holdings(RAMR) hasn't been doing well for the year going from $5 in January to as low as 75 cents. However from the technical chart it looks like the stock is about to turn around as MACD is now above 0 and the stock is trading above 50 day moving average.
Another encouraging data is the insider tradings which have been all buys this year. In addition on the recent earning announcement the company reported net income of $126.3 million compared to $9.1 million of the same period last year.
However the company is effected by the residential mortgage-backed securities so although this stock is a great buy at this point, do trade with caution.
Another encouraging data is the insider tradings which have been all buys this year. In addition on the recent earning announcement the company reported net income of $126.3 million compared to $9.1 million of the same period last year.
However the company is effected by the residential mortgage-backed securities so although this stock is a great buy at this point, do trade with caution.
posted by Stock Geek at
10:10 PM
1 Comments:
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