A Fuel Products Stock About to Explode

By Sam Collins,

Shutterstock photo

World Fuel Services Corporation (NYSE: INT ) - This fuel products company is a leading global supplier of marine, aviation and land fuel products and logistics services.

Standard and Poor's chose INT as its stock of the week saying, "In our view, World Fuel's financial stability and leading position will allow for expansion opportunities. We also expect the company's strategy of reducing its exposure to low-margin, higher-risk customers to continue to help bolster results. With our target price indicating potential capital appreciation of 27% from current levels, our recommendation is Strong Buy."

INT is ranked a Five-Star Buy with a target of $34. Technically, INT is trading within a broad triangle with a breakout possible at over $28. Volume is increasing and the stochastic issued a buy signal several days ago. A breakout would give a technical target of $33.

INT Stock Chart
Trade of the Day Chart key

If you have questions or comments for Sam Collins, please e-mail him at samailc@cox.net .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Stocks
Referenced Stocks: INT

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