[Entering Position in Aluminum Corp of China (ACH)]
Dear Member:
Aluminum Corp of China (ACH) has been stair-stepping up for some time now. It has a reasonable forward estimated P/E of 11.75 and a PEG of just .85. I like the stock at a limit of $34.25. The stock has been faithful to the 40 day exponential moving average since March and that will be my initial exit in the event of a downturn.
DISCLOSURE: At the time of publication, I have no position in ACH.
Sincerely,
Bill Kraft
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