Sterling Construction (STRL) Building Momentum
05/13/2009 12:01 am EST
Sterling Construction Co. (STRL) - This heavy civil construction company builds and repairs transportation and water infrastructure in Texas and Nevada.
STRL fell from more than $33 in May 2006 to below $10 in November. But from January until now, it has been consolidating in a reversed head-and-shoulders pattern that could result in a major breakout and run to more than $30.
The trigger for a blast-off would be a high-volume close above the neckline at $20. STRL recently reported Q1 earnings of 41 cents a share, which exceeded analysts' estimates of 26 cents.
By Sam Collins of OptionsZone.com