World Kinect Corporation V.INT

Primary Symbol: WKC

Energy Oil & Gas Refining & Marketing

World Kinect Corporation is a global energy management company. The Company is engaged in offering fulfillment and related services across the aviation, marine, and land-based transportation sectors. It also supplies natural gas and power in the United States and Europe along with a suite of other sustainability-related products and services. Its segments include Aviation, Land and Marine. Its Aviation segment provides aviation-related service offerings, which include fuel management, price risk management, ground handling, 24/7 global dispatch services, and trip planning services, including flight planning and scheduling, weather reports and overflight permits. Its Land segment offers fuel, lubricants, heating oil, and related products and services to commercial, industrial, residential and government customers, as well as retail petroleum operators. Its Marine segment markets fuel, lubricants, and related products and services to a base of marine customers.

NYSE:WKC - Post by User

World Kinect Corporation

Bullboard Posts

Post by capitalxon May 10, 2011 10:40am

346 Views

Post# 18553409

new target price

This seems unlikely. However, I did receive this very bearish signal. A target price of 10-40 cents appears to be a very harsh correction. I am however keeping a very close eye on this.

Tells Me: The price seems to be resuming a sharp decline after taking a brief pause. A bearish Pennant pattern occurs during a dynamic market decline, representing a brief period of indecision before running off again in the same direction. The pattern consists of two converging trend lines with diminishing volume, and is confirmed when the price breaks down through the lower boundary to resume the decline.