While we wouldn’t chase strength in NCK above $16, it does look good for a breakout to new all-time highs – not a huge call now. However, it is a volatile stock that has already corrected $3-4 three times over the last 18 months, i.e., it has a habit of rewarding patient investors with the opportunity to buy dips.
- We like NCK but wouldn’t chase it above $16 – MM holds NCK in our Emerging Companies Portfolio.
MM is targeting new highs for NCK
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