$SOKF: Bullish Stock Chart
March 24th, 2010 at 9:34 am Posted by
SOKO Fitness & Spa Group (OTC: SOKF.OB) is an operator of fitness centers and beauty salons and spas in key cities in Northeastern China as well as in suburban Beijing.
$SOKF provides programs, services and products combined with exercise, education, and nutrition to help their members lead to a health life and achieve their fitness goals.
In February, the company announced the completion of its newest yoga center, a 23,000 square foot facility in the Long Dian Building, located in the center of downtown Harbin, China, which opened at the end of the month. In addition, $SOKF has leased additional space and is said to have a fitness center and beauty spa under construction, which will be completed by the end of second quarter.
The Dean thinks $SOKF‘s fundamentals are solid, with four back-to-back quarters of increasing profitability. Numbers for Q3 2009 are the latest available financials from the company and The Dean’s curious to see Q4 and fiscal year 2009 figures when they come out.
The Dean likes $SOKF because this stock has been gaining momentum over the past month, attending three investor conferences including the RedChip New York Equities Growth Conference, which is taking place now.
From a technical perspective, $SOKF is very bullish and TheTechnicalTrader.net suggests entry near $4.40 to $4.50, which would require buying on dips, with a target price of $6 per share.
Yesterday, $SOKF closed up 15.5% yesterday, nearly 20% in the past two trading days. This stock’s volume in the past two trading days averages 193,900 shares, which dwarfs its 3 month average volume—6 times as much.
Clearly, The Dean would not be teaching his students about $SOKF, if he didn’t think this stock had profit potential from a trader’s point of view.
