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Message: Scandinavia's top stock pick is... QEC!

Scandinavia's top stock pick is... QEC!

posted on Dec 18, 2009 03:59AM
Translated article from www.hegnar.no
Analysts Investtech has compiled a list of the ten hottest stocks in the Nordic countries. This time Norway and the Oslo Stock Exchange is represented by four shares.

The shares have been selected in the medium term, which means an investment horizon of one to six months.

1. Questerre Energy (QEC.OL) - 17 Dec 2009. Last closing price: 15.90 (-0.40)
Questerre Energy is a rising trend and the continued positive development in this is indicated. A technical buy signal is given from a rectangle formation of the break up through resistance at 15.63 kroner. A further rise to 19.84 kroner (3.62 CAD) or more is indicated. The stock has broken through resistance at about 15.00 kroner. Further rise is thus signaled, and there is now support at 15.00 kroner should the stock retreat. Volume Tops and bottoms volume correspond well with the tops and bottoms in the price. Volume balance is also positive, which strengthens trend picture. RSI is over bought. The stock can still feel free to rise further, and we should see a decrease in RSI-curve before this is considered to weaken the stock. RSI-curve shows an upward trend, which supports the positive trend picture. The stock is considered overall technical positive for medium term.
I've listed the following 9 just for interest but cut out the blurb...


2. Fabege AB (FABG.ST)
3. Investor AB ser. A (INVEA.ST)
4. Danisco (DCO.CO)
5. Royal Caribbean Cruises (RCL.OL)
6. Statoil (STL.OL)
7 Rockwool International (ROCKB.CO)
8. Hurtigruten (HRG.OL)
9. YIT-Yhtma (YTY1V.HEX)
10. A.P. Møller - Mærsk (MAERSKB.CO)

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