Yesterday, The Bowser Report issued a daily mover alert on Goldfield Corp. (GV), which gained more than 10 percent for the day.
GV had some huge accumulation today on high relative volume today. Earnings aren’t coming out for another month but today’s accumulation was likely a result of press release anticipation or a sharp earnings increase.
GV currently has a Bowser Rating of 9 and is still in a buy zone. However, GV has heavy resistance at $2.00 and it closed at that level today. The last big share purchase from the CEO was at $2.17 so most investors believe that the stock is at least worth that much. If earnings jump, it could push valuation significantly higher for the company.
The stock is about to hit it’s 52-week high if it breaks $2.00 tomorrow, which should attract technical investors. The Bowser Report maintains a buy rating on Goldfield Corp. in anticipation of strong earnings next month.
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