LSE Alert: Soco International

After enduring a 6-month decline from its highs in November 2007, Soco International (SIA_L) is attempting a new rally. The kick from the April low got an additional boost with the recent upgrade of the stock by Citigroup from 'Neutral' to a 'Buy'. The early Zignals ascending channel was negated on its loss of support and the downward push past the 20-day MA. A fresh channel may emerge from the April-June lows.


Dr. Declan Fallon, Senior Market Technician, Zignals.com the free stock alerts, market alerts, and stock charts website