VITROX’s share price surged 25% since the last three days buoyed by a strong 9M13 net profit of RM18.8m (+45% YoY), which was announced last Thursday. The share price subsequently gapped up with high buying volume to close at alltime high @RM1.19 yesterday. Indicator-wise, the overbought technical reading for RSI and Stochastic suggest the share price could be peaking. We suspect a shortterm pull-back could be on the cards. As a result, we are calling for TAKE PROFIT on the stock as the share price has triumphed above our previous target at RM1.15, which yield us an astonishing 23.7% of return in an one-month period.

 

Source: Kenanga