RMIX - U.S. Concrete, Inc. (NASDAQ Stock)

[thegreatgate]

1 year range: $0.64 - $4.49

Current PPS: $0.79

Chart (pinch):



Thoughts:
Could see another 50% move short-term. That would be to $1.20 from current 80 cents.

Never fight the Comtex SmarTrend:

12/4/09
SmarTrend's candlestick pattern scanner has detected a potential bullish harami candle pattern for shares of U.S. Concrete (NASDAQ:RMIX).

Today's real body is within yesterday's body and may imply that traders and investors believe that the recent move lower is exhausted.

A green candle tomorrow would confirm this trend reversal. Also, the narrower the green real body today, the more reliable the harami.

Thus far today (12:20PM), this company has traded 398,349 shares, versus yesterday's total volume of 811,692. Decreased volume also is an indicator that the selling pressure may have subsided.

SmarTrend issued a Downtrend alert on shares of U.S. Concrete on August 12, 2009 at $1.74 per share (54.4% return since that call). This bullish candle pattern may point to a reversal of the previously called Downtrend.

About:

U.S. Concrete, Inc. (U.S. Concrete) is a producer of ready-mixed concrete, precast concrete products and concrete-related products in select markets in the United States. The Company operates its business through its ready-mixed concrete and concrete-related products segment, and its precast products concrete segment. As of March 12, 2009, the Company had 132 fixed and 12 portable ready-mixed concrete plants, seven precast concrete plants, one concrete block plant and seven producing aggregates facilities (including 27 fixed ready-mixed concrete plants and one masonry block plant operated by its 60%-owned Michigan subsidiary). The Company operates in two business segments: ready-mixed concrete and concrete-related products, and precast concrete products. In November 2008, the Company acquired a ready-mixed concrete plant and related inventory in Brooklyn, New York. In January 2008, the Company acquired a ready-mixed concrete operation in Staten Island, New York.

[thegreatgate]

Last $0.82, up 4.42%

A close up today will not only be confirmation of reversal but a hit of $0.83 will be the highest "high" in 14 sessions.

[thegreatgate]

Confirmed. This is going way over $1.

Last .85 with intraday high .87

[justin_502]

Good 2 hear, I got in last week at .79. Was lil dissapointed right after I bought it fell to .73 but doing good now!

[fanclub13kim]

I Got for $0.66 a share....
ka ching ka ching!!!!

[BadThad]

Nice looking play....I need to do some DD.

[BadThad]

Interesting...I need to digest this more, lol:

U.S. Concrete, Inc. Adopts Section 382 Stockholder Rights Plan to Preserve Use of Net Operating Losses

U.S. Concrete, Inc. - Google Finance

[thegreatgate]

Printing $1.19 w/ day high $1.21

[fanclub13kim]

Are u going to sell at $1.20 greatgate??

[thegreatgate]

I will probably hold overnight and see how tomorrow looks. I would like at least $1.30 but won't complain with anything over $1