Wednesday, March 2, 2016

The Bowser Report – Daily Mover Alert March 1

Today, The Bowser Report issued a daily mover alert on The Goldfield Corp. (GV), which gained more than 15 percent for the day on heavy volume and no news.

GV, after a few quarters of financial distress (declines), reported good results for the quarter ended September 30, 2015. However, the company has continued to trade near its 52-week low ($1.13). Today’s move bounces the stock from near its bottom to 22% above it. And, the movement came on decent volume, showing buying pressure.

GV should release its 4Q and FY 2015 earnings at the end of this month. Providing that this report shows financial growth, continuing its success from the third quarter, the stock should rise from these low prices. However, a poor report (or poor outlook) could turn this stock further south.

Right now, GV has a Bowser Rating of 8, which puts the company in Category 2. You may consider adding it to your portfolio if you’d like a more speculative pick to round out your 12 to 18 stocks. Keep in mind that the company is in a downtrend and near its low, which offers both risk and opportunity.

Those with current holdings, stick to the Game Plan, as always.

To learn more about The Bowser Report, visit https://thebowserreport.com

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