Breakout Alert 6: $SCC (Update 2017-07-26)

On July 20, 2017, $SCC broke out from its 52-week high accompanied by above-average volume. This is great for investors since this is a blue chip stock. Buy above the 0.236 retracement level (161.4/share), sell immediately when it breaks below.

Pros:

• Trending up since October of 2016.
• Gross revenue and net income grew by 55% and 52% respectively, for the first quarter of 2017 (based on its 1Q17 quarterly report).
• Year-to-Date gross revenue increasing consecutively since first quarter of 2016.

 Cons:

• Net profit margin decreased by 1.97%, for the first quarter of 2017.
• President Rodrigo Duterte expressed his hate against mining during his SONA on July 24, 2017.

Update (July 26, 2017):

 Exit price now at 169/share.

CAVEAT EMPTOR