Gerdau S.A. (NYSE:GGB)
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- woodman: Some #Steel stocks moving or holding up decently. See $STLD $GGB. Some are moving up through middle part of "W" resistance area - See $NUE (flag above this area); $X (moving through it today). Keep an eye on $ZEUS as a potential phase 3 move back up. (Among these, I have only NUE.)
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champ: ...
They Added....#33-rebar-fabrications-facilities in the U.S., in 2018, they bought assets from Brazilian steelmaker Gerdu..$GGB...they paid Cash for these assets $600 million (in Cash.)..this is huge move, going forward, for this company....
........ ... - Wolf: $GGB Up 6.7% off the 50DMA. Has cleared short term resistance. Long starter.
- Wolf: $GGB UP 2% off the 50DMA, low risk buy. Started a position @ 4.82. Only concern is steel tarifs as their products are steel.
- JonSeale: @Wolf $GGB Hmmm...well, they also mine in the USA evidently. So, what does this mean? Does that mean the tariffs only from outside the US are penalized? Couldn't the company just sell steel to US that was mined in US in order to avoid the tariffs? That way, it could sell the rest to the remainder of the world.
- JonSeale: @Wolf $GGB Hey, has Dan talked about this stock? It does look like a low risk entry point here like you stated. But this stock is under $5! That's a dangerous thing imo.
- Wolf: @JonSeale $GGB Not that I know of. As long as you manage your risk, the reward can be really good on a low cost stock.
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rachel: ...
21. $GGB – breaking out above resistance…but this has run a LOT off $3.00. Massive volume today. Not sure what that’s all about. Upgrade? Lots of “strong buy” recos. - janner0814:
- abi217: $GGB sold into strength this morning it may still go up.
- abi217: $GGB breaking out.
- GOOSE: $GGB FWIW bREAKING through upper BB.
- abi217: $GGB guys keep an eye on this one 50dma getting ready to cross the 200dma and in a #squeeze.
- debrup: Brazil stocks, here are some more Brazilian and Latin adr's and etf's that trade in the US: $ABV ARCO $BAK BCA $BFR BMA $BRAZ BRF $BRFS BSBR $BVN BZF $BZQ CBD $CIB CREST $EC ECH $ERJ EWZ $GFA GGAL $GGB GXG $GOL ILF $IRS ITUB $MELI MXF $PBR SAN $SID SQM $TAM TSU $UGP VALE $VIV YPF
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Aragorn: ...
$GGB 12/14/2009 17.05 8.04 -52.84%
$EBR 12/14/2009 14.74 9.28 -37.04%
BTM 12/14/2009 27.93 17.88 -35.98%
$EWZ 12/14/2009 71.57 59.05 -17.49%
$PBR 12/14/2009 47.43 26.55 -44.02%
$CPL 12/14/2009 19.2 25.55 33.07%
- donnolley: Assuming you bought and held till now @Dan's 2009 Brazil ideas: So far, as far as his 2009 Brazil video goes , @Dan has been "wrong" on $EWZ, $PBR, $GGB, $SID, $VALE, $EBR, $ENI, BTM and CBD. But @Dan would have ben "right" on $CPL (though he suggested not to buy), $ERJ and $BRFS (though he suggested not to buy at the time). This is not to suggest @Dan is a bad stock picker as he is quite willing to admit he's wrong. Looking at those charts, it seems to me this is a better time to assess these tickers going forward in view of the 2016 olympics in Brazil.
- donnolley: @ Liz. Assuming you bought and held till now @Dan's 2009 Brazil ideas: So far, as far as his 2009 Brazil video goes , @Dan has been "wrong" on $EWZ, $PBR, $GGB, $SID, $VALE, $EBR, $ENI, BTM and CBD. But @Dan would have ben "right" on $CPL (though he suggested not to buy), $ERJ and $BRFS (though he suggested not to buy at the time). This is not to suggest @Dan is a bad stock picker as he is quite willing to admit he's wrong. Looking at those charts, it seems to me this is a better time to assess these tickers going forward in view of the 2016 olympics in Brazil.
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jververis: ...
New 52 week lows include: $ACW, $ADM, $ADVS, $AEIS, $AF, $AFAM, $AFL, $AGII, $AGO, $AIG, $AKAM, $AKS, $ALL, $ALNY, $ALR, $AMCC, $AMED, $AMKR, $AMSC, $ANAD, $ANR, $ANW, $AOL, $ARAY, $ARC, $ARI, $ARRY, $ART, $ASEI, $ASIA, $ATHX, ATPG, $AUO, $AUXL, $AV ... - gljohnson1947: $NLY, $CIM,CYS, $GGB, $ARR, All yield hogs are all working. Thank you Jan3128. G.L.
- NCDad: $GGB - what is wrong with this stock/company?
- MultiMill: $GGB - @NCDad - here is some news: GERDAU S.A. (GGB) announced today that it has priced its global offering of 68,026,910 common and 203,830,100 preferred shares (not including any exercise of the underwriters' over-allotment option), including preferred shares in the form of American depositary shares ("ADSs"). The common shares are being offered to the public in Brazil at a price R$15.60 per share, and the preferred shares are being offered to the public in Brazil at a price of R$19.25 per share.
- jct98: $GGB - about 68 million shares offered.
- NCDad: $GGB - thanks guys. I will stick to pork bellies and rough rice!
- cafepronto: $AKS $X $GGB Steels stocks that I follow ...all up. Added additional $AKS Andr#
- joanie: $GGB - If anyone's looking to get in on some steel and iron, Gerdau's chart is looking promising. On the weekly it hasn't really done much this year other than consolidate and those bands are getting pretty narrow. Yesterday there was above average b ...
- jojo1480: -Here are a couple I am tracking $SID GFA $GGB CBD $VIV TSU, and ETFs - $EWZS EWZ. Until last week owned $EWZS and $GFA sold them all. Currently no position. edit $EWZS for brazil small cap $ETF
- debrup: Brazil stocks, Latin ADRs: $ABV BAK $BBD BCA $BFR BRAZ $BRF BRFS $BVN BZF $BZQ CBD $CIB EC $ECH ERJ $EWZ GFA $GGB GOL $ILF IRS $MELI PBR $SAN SID $TAM VALE $VCO VIV these are the ones i follow, not just brazilian, all South american
- brwnilocks: $AKS - a drag on my portfolio today. Looked at some other stocks I have grouped into "steel" watch list. $AKS - looks like gathering more strength before possible further upside. No concern yet, but watching closely. $CLF - in a holding pattern. $GGB - weak, still trading sideways to down. $STLD - still trading sideways, looks poised to move higher. Earnings on 10/18 after bell. $VALE - strongest of this bunch, follow through higher after a little pullback. $X - still consolidating as it moves sideways.
- jmscap: EWZ/Brazil -- $EWZ did well today. One of the few green on the screen today. I wonder if were seeing some sector rotation to Latin America. Some good stocks in the $EWZ, many of which @Dan has talked about before, including: $PBR -- volatility sqeeze; up 1.54% on almost 2x average volume $BBD -- closed about the upper BB today; up 2.52% today on above average volume $GGB -- the laggard today but really tight BBs; up 0.29% on average volume $VALE -- closed above the upper BB today; up 1.59% on slightly above average volume -- @jmscap/ron
- herf20: $GGB VALE Brazilian stocks look to be going into a volitility #squeeze. Weekly time frame. Just watching. Long VALE
- RFrangie: CENX- Long today too and $AGO, $ADBE, $GGB & $DHI (against the grain)
- RFrangie: NUE- Well $GGB is doing well for now.
- kashmire22: $ITUB +3.21% - $BBD +3.01% - banks, $GGB rolled steel +1.04% today. Just watching and thinking about picking up a Brazil stock for diversification. Is this a reasonable pursuit? Rona.
- RFrangie: $GGB - long a few
- RFrangie: $GGB - Going long hope I do not regret it
- RFrangie: Maybe for a day trade, I grab a few $GGB and having second thoughts
- cafepronto: $VZ my addition to what is has been posted by Forex ...- @hwyflier, and others ... is that by looking at the weekly chart ... $VZ is trading in a rectangle - 27.50, or so, being the support, and 31/33 area for resistance .. . So, this looks a lower risk starting purchase, in my view. As @Dan says ... - "... you got your risk defined..." No position, however. Some positions that I am currently long ... $GGC $GGB $SID $XCO $IPI . Will get back into $SANM on Monday, if market conditions will warrant it Andr#
- lizwaite: TAM..... dze... Hi and welcome :) @Dan did a very detailed inventory of Brazilian stocks worthy of attention in December of 09..... here are the ones he mentioned: EWZ: $ETF for Brazil $PBR, $GGB (metals/mining), $SID (steel/iron), $VALE, $EBR (electric), $CPL (pretty low volume stock), $ENI, BTM (telecom), $ERJ (defense), $CBD (grocery store chain), $BRFS (grocery store chain) Hope this is helpful for you :)Liz Check out the "sector spotlight" archives (left side of the home page).... December 12, 2009 is the video for you, @Dan discusses the above stocks......
- bobode: $GGB - this is a question for the ancient and wise ones on the board... I currently have a small position in $GGB and am thinking to add more because I believe there is more upside to this stock. Currently it is at the end of a nice volatility #squeeze run up... Question is when should one add more to this position or should I take what I have made and wait for a pull back of some type? Thanks for you wisdom wise ones.... a newbie...
- slowtime: $GGB - bobode I would take profits on 1/2 position, because: 1. The stock will have to chew thru the "I want my money back crowd" when they bought at the high last January. 2. The whole market looks like it is coming down and will close lower. @slowtime
- bobode: $GGB - Thanks for the info - appreciate it very much...
- Catwoman: $GGB - Just started new position @ $15.10...Looks like it's finally bounced...Anyone else watching this one? @Catwoman ;~D
- Catwoman: $GGB - OUCH!! I entered this when it had bounced 1%, thinking I was safe...except for the teeny tiny fact of the matter that it closed down 2%... Cat ;~D
- cafepronto: A word of caution , .... paraphrasing @Gary Schilling, Real Money contributor, the day before the Presidents Day holiday weekend has been very weak lately -- down 15 of the past 18 years ... I am involved with some longs $XCO, $IPI, XTRX,SID, $GGB, etc ... - closed some partial positions, as well as $SKF and SRS( short #financials & real estate), in which case I have sold calls on both, as the market went to the positive - Have a great trading day Andr# edit spelling
- cafepronto: $XCO Upgraded to buy by $GS - target 25 - intended to add to my position of yesterday ... will be patient as I am sure it will have a nice gap at open. Learning not to chase Also looking at $IPI (added yesterday), $XRTX, $GGB - Have a great trading day Andr#
- kirk999: Nothing like waking from the sound of scraping metal and a vibrating foundation to remind me to check my stops. Plows working hard tonight in Portland Maine. $IBM is down after hours, the us dollar looks to be up like me $GGB - the Brazilian real is down and people are already worried about the october election ? I have a stop at just below 16, but not expecting much here, might be time to head for a different metal stock. Hey like $X or $CLF which docked yesterday to let people on board but I was too busy sitting on my Brazilian iron ore, might still be mostly dreaming, good morning.
- cafepronto: $SID Looks to be a buy on the weekly chart and holding right at the top of the 20 DMA on the daily. Will start a small position. Should also be a major beneficiary of the World Cup which will be held in Brazil, in 2014. Happy to learn through tonight's @Dan's video about J.C.'s endorsement of $GGB, which is one of my current holdings - seemed to have jumped in after hours ... Andr#
- marian: $GGB - @DAN you mentioned on video last night. Opinions this am.
- btebeau: $GGB - @Dan, I read the Mad Money recap and it did not mention GGB. Did @JC recommend it last night? I never saw any Mad Money pop from it. I bought an initial position in $GGB several days ago after reviewing all of the stocks from your video on Brazil. I thought breaking through $17.50 was key after it had provided resistance multiple times since October. Are the 20 DMA and 50 DMA more important as support here?
- cafepronto: $GGB Trading on a new intraday high Andr#
- meanstreet: $GGB Morning team. Stock bumping up against upper BB. Been in a #squeeze for awhile. Keep it on your radar. 1/3 position
- richard9f: $GGB Meanstreet, does $SID look like it will play catch-up here after the announced acquisition of Cimpor (cement)? From marketwatch: Cimpor is within the top 10 world largest cement manufacturer in terms of market cap. In Brazil, it is ranked 3rd in terms of sales and 4th in production capacity, and it has consistently recorded one of the highest EBITDA margins in the sector.
- jme44: $GGB - Ano novo feliz - boa troca e boa fortuna. That's Brazilian! Okay Portuguese - but with a Brazilian dialect. @Dan or anybody any thoughts on this mining company. It's been sideways since Nov. after a triple since Mar. Thanks John
- ogas: $GGB - @jme44 I own and want to add at the 50 day moving average ($16.35). @Dan talked about it being a good play on the upcoming Olympics in Brazil.
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jme44: ...
$GGB Steel
$GOL Airline
$ITUB Banking, Invest. Insurance
$NETC Internet and Pay TV
$PBR Oil and Gas
RTB Mining
$SBS Water and Sewer Util.
$SID Steel
$TAM Airline
TNE Telecom
TSP ... - cafepronto: $GGB Seems to be moving up from a flag pattern ..bounced off the 20 & 10 $MA ... - Long position. Wishing you all a great healthy and profitable year ahead. What I have and continue to learn here ...- Priceless!!! My sincere thank you! Andr#
- cafepronto: $GGB Back above the upper BB Andr#
- tarpax: $GGB Brazilian steel producer Bought some yesterday. Moving up.
- cafepronto: $GGB Looks yo be resuming its uptrend having currently bounced off the 50 DEMA. Long position Andr#
- ogas: $GGB - Yes, bounced nicely. I added to my position. $MSFT - took starter position.
- TLawrie: $GGB - Thanks @Jeff. Smaller position sizes make sense to me. I use the spreadsheet that @Dan/@Gary gave us after the 59 Minute Trader seminar and typically open with a 33% position. That size is determined by my presumed stop of course which I determine using @Dan's teachings. If I get stopped out a lot, this implies my stop is too tight - duh! But since I think I'm setting them per @Dan's teachings, what would you do? I presume lower position and looser stop? How do you determine a looser stop from a chart? For example, take $NTAP today - Monday, 12/21 @ 9:30 AM Pacific time. If I were to enter, I'd go right below the low of 12/11. The low was $32.65, so I'd use, say. $32.63. What would you use and why? Thanks for letting me pick your brain. This issue is driving me crazy!
- TLawrie: Meanstreet - Please see my reply to your post re: $GGB on Friday's forum. Thanks in advance for your input. Tom
- TLawrie: @Todd, thanks for your point of view. Yes, I used the 5 minute chart to pick a precise entry. On your "bullish candle" comment, is that for a daily close or some smaller time period? I've never learned about "pivot points" before - part of the to ...
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TLawrie: $GGB
Anatomy of my trade - looking for feedback on my thinking and ideas/criticisms/etc. I have been watching @Dan's Brazil stocks since he covered them last weekend. $GGB is one of those stocks.
(1) Stock is in a vol.#squeeze though trending ... -
meanstreet: GGB:
Hi TLawrie. I'm sorry I didn't see your post until now. I can give you my trade thoughts on your $GGB trade. As you know I entered early last week, so I'm a tad down in the trade and not panicking because I only started with a 1/3 position ... -
Toddot: ...
Here are a few points to consider on $GGB -
I assume you are you using the 5 minute chart to
trigger a more precise entry to hold overnight as a swing trade?
The gap down on 12/17 daily chart gives this a short term bearish sentiment.
Also tak ... - abi217: $VALE, $GGB, SID- Good morning all. Any one know what happened to Brazilian play this morning.
- Russ: $GGB, $TX Those watching $GGB might keep an eye also on TX. $TX is further above the 50dma than is $GGB, but it has had steady accumulation and may also be starting an upward expansion.
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Tim S: ...
$GGB
$HD
$ILF
$IMAX
$LLL
$PSEC
RIMM
$TCAP
$UPS
- @Tim $S
- joanie: Brazil stocks and weekend video -- Keep in mind that #Cramer mentioned some of these on Friday afternoon so there may be an artificial pop on some (in case anyone was thinking about a #RHRN moment). edit: $GGB is however in a tight BB #squeeze (.07), so it might be ready to go on its own anyway
- DChristian: Yeah, I hold a little $SID and I wonder if I should have opted for $GGB instead.
- richard9f: $XLI Digging through this etf, up 2.7% for the week. $UTX and $ITRI could be breaking out. $SLX - big move for the week, up 6.3%. Looks like the steel producers are moving up and the ore miners maybe consolidating after their run up. The potential breakouts of $SID and $GGB have me watching.
- LaurieAnn: Brazil- don't forget $GGB and SID. Both very nice. LA
- ronaldrussell: $GGB - Vol #squeeze starting to break out - looking for a little pull back today to get in.
- richard9f: $GGB $SID looks identical, trying to crack resistance at 36. I bought a starter yesterday.
- maddenm86: $GGB, $MTL, AKam, making nice moves higher
- maddenm86: I'v been long both $MTL and $GGB nice call action in $GGB, $MTL has just been a stud
- joanie: $GGB MTL --both look great, but a little rich for my blood given how high they are above the 50 ema. $MTL might actually have an entry if you look at the 10 sma. It seems to have been bouncing off that. That's assuming that the thesis is that it may go parabolic. Thanks @Dennis and TNT (should we call you "Boomer"? lol.. cool handle)
- Plenitude: James, @Bob I would love to see some coverage on China and Brazil My 2 cents - CHINA: add $STP, $SOHU, $BIDU, AOB, $HNP BRAZIL: $GGB, $SID, $BBD, $ITUB, $VALE and $PBR (already mentioned) Compare what the SP500 and Dow have gained with the IBOVESPA since end 2008. I was in up to early May ding very nicely. I have been going against the grain since... and wrong. Get with the flow! PS I will go on a rampage if the SP breaks down at 950!!!
- orthodoc: Had sold $FLO before earnings, but picked up a little this morning when they missed by 1 cent. Long term trend intact, no change to sell onP/F chart, so picked some up. Also dabbled in $GGB and ERJ. Good article on steel in realmoney yesterday that showed steel demand is still up. @Dan, hope your mom is doing ok. Thanks @Bob for $ATR tutorial.
- cgendro1: $SID, $RIO and $GGB are moving up. $SID up over 2. All have stochs crossovers to upside from oversold. $RIO is doing a secondary the end of this month. $PBR making a move as well........all this is to say that energy and materials as sectors are on the move again from their short lived albeit painful rotation.
- iancleghorn: $EWZ iShares Brazil (EWZ) seems to be bouncing off resistance. That could be because the Brazilians are feeling mellow today or because two big components $PBR (23%) and $RIO (22%) are doing the mood management. Their charts, not surprisingly, look like EWZ. $RIO is in the Metals and Mining sector. The other two metals components, $SID (3%) and $GGB (2%) are up a bit from recent lows. The Brazilian banks, $BBD (5%), ITU (4%) and UBB (3%) are all moving off the bottom of a congestion box (at least today). $ABVC (4%) which is making a run at Budweiser, and the only non oil/ metal/ bank stock in the top ten is also moving off resistance Time to place a small bet, I think @Ian
- DAN: Trading Idea: Just saw a note from TradeTheNews.com that Navellier has added $ATVI, $GGB, $MA and $OXY as new buys on his Blue Chip Growth newsletter. This is widely followed. I doubt this information has been disseminated much because most subscribers of the Blue Chip newsletter work for a living. They'll buy on Monday.
- cgendro1: @bvr_murthy- I was struck by the Steel and Iron chart from a weekly perspective. A few I will watch are $MTL, $SID, $GGB, $AKS, $MT, $MM,CRS. I looked at all in weekly and daily timeframes. The one I am most inclined towards is MM. $MM and $AKS have leading money flows on the Worden software. I also looked at the Oil and Gas Pipeline group. $ENB got smashed and on a weekly chart looks to be at a good buy area. $WMB and CPNO also have some interest I am also looking at the the oil and gas drilling and exploration group. I would like $ATW and $RIG on pullbacks. Oil and gas equipment services is building a base which I intend to watch for breakout. As for light sweet crude, appears to be heading to 85 barring any major political unrest
| Stock Price | $3.67 |
| Change | -3.55% |
| Volume | 3,117,330 |
Gerdau SA through its subsidiaries produces long steel and flat steel items through the process of fabrication in electrical furnaces from scrap metal and purchased pig iron, as well as by manufacturing steel from iron ore in the blast furnace.
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