Chart of the Day - Methanex (MEOH)

The Chart of the Day is Methanex (MEOH). I found the stock by sorting the All Time High list for frequency of new highs in the last month then eliminated the stocks that did not have positive gains for the last week and month. I then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 2/7 the stock gained 17.72%.

MEOH is a Vancouver based company engaged in the worldwide production and marketing of methanol. Methanol, made from natural gas, is a basic chemical building block used to manufacture products such as formaldehyde, MTBE, acetic acid and others. The Company operates production facilities in Canada, the United States, New Zealand and Chile. The Company also markets additional methanol from plants in the US, Trinidad and Europe.

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