GraphTech International (GTI)

Company

"GrafTech International Ltd. is one of the world's leading manufacturers of carbon and graphite products for industrial applications in a diverse array of industries: metal production, electronics, chemicals, aerospace and transportation, among others. Our products, which include carbon and graphite electrodes, carbon and graphite cathode blocks, advanced carbon and graphite materials, and flexible graphite, are manufactured on four continents and sold in over 70 countries around the world. Continuing a century-old tradition of global leadership, the employees of GrafTech are united in their dedication to common goals: continually improving productivity, maximizing profitability and delivering the highest levels of quality and value to our customers." (company website)

Buy

12-Sep-05. GTI has been climbing steadily since I bought a lot on 10-Aug-05. Price momentum (PPO) has picked up again after it passed the $6 level.

• Price momentum (PPO) — picking up after passing $6
• Trend (ADX) — has lost strength, but still above the threshhold, and buying pressure (+DI) is above selling pressure (-DI) albeit not by much
• Money flow (CMF) — picking up again
• Relative strength (RSI) — better than neutral
• Volume — breakthrough of $6 was with heavier than normal volume

Sell

12-Oct-05. Held on too long. GTI began losing price momentum right after I added to my position. Other negatives soon appeared in the chart as well: selling pressure (-DI) crossed above buying pressure (+DI), cash flow (CMF) turned negative, relative strength (RSI) fell.

The penalty for ignoring all those signs is a loss instead of a nice profit on the first lot, had I sold when I should have.