Eye on stock; Tropicana Corp

AFTER finding a shelter at the five-year lows of 83 sen on Aug 25 during the previous prolonged correction phase on extended selling pressure, Tropicana Corp Bhd shares staged a relief rebound to a high of 98 sen on Oct 23 amid renewed bargain hunting interest.

Thereafter, this stock turned sideways, with prices fluctuating within a pretty tight band on consolidation or attempting to build a base for recovery, lasting slightly more than a month before a fresh bout of buying momentum led them to a positive breakout of the existing range yesterday.