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Inflation Fears and DRS Technologies
By:
2D-trading
Wednesday, May 21, 2008 11:52 AM
Sectors:
Aerospace
Symbols:
DRS
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The market sold off yesterday after new worries in the financial sector and bad numbers in the PPI core. The index includes food and energy costs..In the same time, the weak dollar helped the Oil crude that rallied, closing for the fist time ever above $129. The good news for the bulls was the light volume, but I still expect some downside here.
Here an interesting chart:
DRS Technologies, Inc.
(DRS)
is on fire since two week. The stock gapped up to a new all-time high five bars ago and is pausing in a bull flag since then. DRS could resume its uptrend at anytime.
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Related Press Releases
DRS Technologies Announces Commencement of Offer to Purchase Its 2% Convertible Senior Notes
Nov 12, 2008 06:45 PM
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DRS Technologies Receives $33-Million Order for Long Range Advanced Scout Surveillance System Subassemblies
Oct 16, 2008 09:00 AM
ADDING and REPLACING Finmeccanica And DRS Technologies Announce Receipt of CFIUS Approval
Oct 15, 2008 10:53 AM
Releated SEC Filings
Form 4 Balisle Phillip For: Sep 26 (10K)
Sep 30, 2008 02:15 PM
Form 4 ROSEN ERIC J For: Jul 18 (10K)
Jul 21, 2008 05:12 PM
Form 4 DRS TECHNOLOGIES INC For: Jul 16 Filed by: KAPLAN MARK N (10K)
Jul 17, 2008 03:25 PM
Form 4 DRS TECHNOLOGIES INC For: Jul 07 Filed by: SCHNEIDER RICHARD A (10K)
Jul 09, 2008 09:08 AM
Form 4 DRS TECHNOLOGIES INC For: Jul 07 Filed by: MEHMEL ROBERT F (10K)
Jul 09, 2008 08:58 AM
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