Top Steal Stock to Buy Now

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Worthington Industries Inc. ( WOR ) -- This diversified metal processing company focusing on steel processing and manufactured metal products has pulled back to its 50-day moving average following a round of profit-taking. 

  WOR Chart

Chart Legend

On Feb. 17, at $15.84, I said , "The stock started this year with a major breakout, rising on the company's strong second-quarter results. Note the high volume on the breakout and lower volume on the recent pullback followed by new accumulation as it hit the 50-day moving average.

"S&P rates WOR a 'four-star buy' with a 12-month target of $22. The technical target for WOR is $24-$25.

WOR rose to $18 and then pulled back to just below its breakout point -- a common occurrence. The prior opinion is reinforced, and the trading target is still at $24 to $25.

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



This article appears in: Investing , Investing Ideas

Referenced Stocks: WOR

Sam Collins

Sam Collins

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As of 4/17/2014, 04:07 PM