Long term rising cheap stock alert: Turquoise Hill Resources (NYSE: TRQ)

Most of us don’t notice copper in wires and tubes that aid the entire infrastructure to ease our lives. Very strange to see copper mining and positive EPS company, Turquoise Hill Resources (NYSE: TRQ) having cheap shares.

$1 costing TRQ is most likely to be an open chance for any investor to earn as many margins as it can provide in the near future. There is a big probability in a soaring pattern of TRQ in upcoming months due to its physical reliability in storing valuable inventory.

By 9.18% Turquoise stock rose to $1.00 on Friday. This move may signal investors about upcoming uptrend but only long term traders may prefer it due to positive EPS and slow growth.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.