$38.74 (07/12/07)
BUY: Bucyrus International, Inc. (NASDAQ: BUCY) $76.00 (7/11/07)
Sell price: $79.80 or
Sell date: August 11, 2007
Stop loss: $70.62 (-7.1%) - ATR(10) * 2.5
Fibonacci analysis bullish
Stochastic analysis very bullish
EMA very bullish
Serves mining companies - strong play off coal and metals strength
Profile: Bucyrus International, Inc. designs, manufactures and markets draglines, electric mining shovels and rotary blasthole drills (collectively, machines) used for surface mining, and provide the aftermarket replacement parts and service for these machines. The Company’s equipment is primarily used by companies engaged in surface mining for a range of commodities. The design, engineering and manufacturing of most of its machines and manufactured aftermarket parts is done at its South Milwaukee, Wisconsin complex. In May 2007, the Company completed the acquisition of DBT GmbH, a subsidiary of RAG Coal International AG. DBT GmbH is a designer, manufacturer and marketer of high technology system solutions for underground coal mining.
