Mechel OAO (NYSE:MTL), Up By 16.17% ($1.35) From $8.350 After BUYINS.NET Report Predicted Stock Would Go Up Due To Bullish Cond
January 10, 2012 / M2 PRESSWIRE / BUYINS.NET, www.buyins.net , a provider of unique trading technologies, released a report on Thursday, December 22nd 2011 stating that Mechel OAO (NYSE:MTL) was expected to go Up due to the Bullish conditions presented in the following report. Click here to view the BUYINS.NET report: http://www.buyins.net/releases/?sym=mtl&id=224978
At the time this story was written, Mechel OAO (NYSE:MTL) is Up By $1.35 (16.17%) since the BUYINS.NET report was released.
The movement of stock prices in the days and weeks leading to and following specific fundamental or technical events may follow a predictable pattern. Many companies stock price histories show random or unpredictable movements around certain events. But some seem to repeat the same pattern quarter after quarter, year after year. We use powerful computers to uncover those events and correlations to generate predictions with high probabilities of generating very specific returns within very specific time periods.
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Mechel OAO (NYSE:MTL) - Mechel OAO, through its subsidiaries, operates as a mining and steel company in the Russian Federation and internationally. The company operates in four segments: Mining, Steel, Ferroalloys, and Power. The Mining segment produces coking and steam coal, as well as iron ore and iron ore concentrate. This segment operates four open pit mines and three underground coal mines in the Kuznetsky Basin, near the city of Mezhdurechensk in southwestern Siberia; two open pit mines and one underground mine in the Sakha Republic in eastern Siberia, as well as holds the license rights to mine the undeveloped Elga coal deposit; four mining complexes in West Virginia in the United States; and Korshunovsk, Rudnogorsk, and Tatianinsk open pit iron ore mines in the Irkutsk region in central Siberia. It also offers coal washing services. The Steel segment produces and sells semi-finished steel products; carbon and specialty long products; carbon and stainless flat products; and value-added downstream metal products, including wire products, stampings, and forgings, as well as steel industry materials, such as limestone, coke, and coking products. The Ferroalloys segment engages in the production and sale of nickel ore, ferronickel, ferrochrome, and ferrosilicon. The power segment produces and sells electricity to internal and external customers. It markets electricity and heat energy from its steam coal. This segment also has interests in a power distribution company. The company was founded in 2003 and is based in Moscow, the Russian Federation.
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