“Dresser-Rand Group, Inc. (DRC, $62) rose to a new all-time price high this month. The start of this year saw a major breakout with a move through the $55 level, resistance from 2011 and 2012. The P&F relative chart is also strong as it reasserts the primary uptrend off the 2009 low. Further outperformance is expected; we shall buy the machinery manufacturer. Target: $70. Stoploss: three end of day closes below $60.”
- Michael Burke and John Gray, Investors Intelligence, February 15, 2013