The chart for STX OSV look promising;it broke above the trend line and move above the 10d MA with decent voulme.
This break through seems to coincide with the 3 new orders that STX OSV had announced on the late night of 14 Feb 2013.
For traders,it will be a long punt for intra day trading.However for investors who intend to hold long for this stock should start to evalute this stock due to several reasons:
-The Oz parties who have 12% of STX OSV had gradually reduce it's holding to approx 8%
-The 3 new orders are meant for 2014 to 2015 order book.The order book from 2014 seem to lag behind the previous 3 year
FY 2011 - 23 ships
FY 2012 - 24 ships
FY 2013 - 24 ships
FY 2014 - 13 ships
FY 2014 - FY2016 -10 ships
The crucial date to take note will be 26 of Feb which STX OSV will announced it's full year result .
Investors should keep a close look out on it's order book for this year as it is a gauging meter on how it's business is doing for the next few years.
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