Consistent insider buying over the past three months, coupled with an upside-down head-and-shoulders chart pattern, Kronos Worldwide, Inc. (KRO) has caught my eye.
Kronos Worldwide, Inc. engages in the production and marketing of titanium dioxide pigments primarily in North America and Europe.
Good trading volume, low P/E and adequate yield make this stock a fair prospect. It may be a bit early in the cycle but I am willing to inch into this opportunity, believing that a short term support level exists at 19.50 (closing on Friday at 22.67).
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Waiting to see if KRO stock price crosses above the 200 day moving average (at about 23.68). If this materializes within the next five trading days, we should see wether or not this stock has legs and experience a sizeable pop. Trading today at 23.16
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