The Shaw Group (SGR) : Bearish Indicators

I would have thought that counter like SGR will be a bullish play (assuming that they will benefit from infrastructure spending). However, my charts doesn’t say so. Ichimoku has some bearish indicators on Shaw Group. 1. Tenkan sen cuts Kijun sen on June 24 and penetrated the kumo support. 2. We can also see the… Continue reading The Shaw Group (SGR) : Bearish Indicators

Shaw Group Inc. (SGR)

With the recent rally, SGR continues to trade within its $25 – $30 range. The recent selldown has seen SGR prices holding well at above the $20; a level depicted by the kumo as well. We can also see that the current kumo is sloping up; a suggestion that it is trending upwards Tenkan sen… Continue reading Shaw Group Inc. (SGR)