Stock in Focus: Global-Estate Resorts (GERI)

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Holders of Global-Estate Resorts (stock symbol: GERI) have successfully defended the downside from attacks for nearly three months.

Philippine Stock Exchange, Global-Estate Resorts_GERI Daily chart, June 24, 2014

GERI Daily chart, June 24, 2014

Now, they are reaping the reward of their hard work as GERI has recently reached for new multi-month highs, effectively following the script mentioned in the April 3 post.

The Commodity Channel Index (CCI) has remained above the +100 level since mid-June. Can this be sustained through July?

The near-term resistance is around 2.50-3.00, then we have an open target at 5.00. Ideally, the 2.00 psychological level will hold indefinitely.

Do you have GERI in your portfolio? Share your thoughts below!

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