Friday, January 28, 2011

STX OSV CHART - support at 1.20... Rebounded quickly above 1.20 level.... On breaks above 1.25, can see it close the gap to 1.33 fast...

Can consider accumulating some from 1.20 to 1.22 level to catch any potential rebound. Goldman Sachs has a target price of $1.54. (GS Asia Pacific Conviction buy list), Credit Suisse target price at 1.55 (Cheap play on the recovery in the Offshore and Marine sector)

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