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StockProfit.com Technical Trading Alert: Gerdau S.A. (ADR) (NYSE: GGB).

0 Comments | M2 Presswire, June, 2007

M2 PRESSWIRE-29 June 2007-StockProfit.com: StockProfit.com Technical Trading Alert: Gerdau S.A. (ADR) (NYSE: GGB)(C)1994-2007 M2 COMMUNICATIONS LTD RDATE:29062007 Los Angeles, CA - Tony Golan, Chief Technical Analyst with StockProfit.com, has issued a Technical Trading Alert on Gerdau S.A.

(ADR) (NYSE: GGB). According to Mr. Golan, "GGB is in a strong long-term up-trend. The stock is making higher highs and higher lows above a rising 200-day moving average. Relative Strength Differential (RSD), our proprietary indicator for selecting super-strong stocks, is well above the 25 threshold, indicating GGB is in such a strong up-trend that it is outperforming the S&P 500 and can therefore be considered as a candidate for a buy." For the full details, visit...

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