Back to top

Tale of the Tape

Zacks Equity Research

Strength Seen in Braskem (BAK): Stock Adds 5% in Session
October 12, 2016

BAK PMOIY

Trades from $3

Braskem S.A. (BAK - Free Report) was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $13.69 to $16.02 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Braskem currently carries a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.

BRASKEM SA Price

 

A better-ranked stock in the same industry is Premier Oil plc (PMOIY - Free Report) , carrying a Zacks Rank #2 (Buy).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Is BAK going up? Or down? Predict to see what others think: Up or Down

Confidential from Zacks

Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>