Wednesday, September 16, 2009

KOP Breakout

Koppers Holding, Inc. (KOP) is a manufacturer of carbon compounds and commercial wood treatment products used in various industries including railroads, utilities, rubber, and steel.

KOP looks to be breaking out of a multiple top formation this morning on heavy volume.

KOP made highs of $29.25 in June, $29.33 in August. KOP's current price is $29.89.

Trading History:
September 16th, bought KOP for $29.52
Sepetember 16th, sold KOP for $31.21 (+$1.69, +5.7%)
Current Position: None

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