By Harry Boxer
Ferroglobe PLC /zigman2/quotes/208451301/composite GSM +4.45% is in a bullish flag formation off its nearly 40% rally in November. On Monday, the stock bounced off support from the April-May double-top, reversed, and then followed through on Tuesday, up 33 cents, or 3%, to 11.44, on 430,589 shares traded. Based on the stock's November spike, the next "measured move" could get it up to 15. There is some resistance up around 13.25 that it needs to surpass first.
Check out Harry’s video analysis of this stock on the last page.