Jos International Breweries Is Rising Again (See Chart)

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Wonders never end for wonder stocks and Jos International Breweries is showing just that. After taking a beating in the last few weeks and dropping to a three month low of N2.87 on the 19th of November it has now in two weeks gained 45%. It is currently N4.74 and led the gainers chart today.

Why the sudden rise? It is hard to conjecture at the moment but then that is why it is a wonder stock. A look at the chart above also indicates the stock is currently oversold having approached a Relative Strength Index ( RSI) of 71. Volume has also been on an average of five hundred thousand since this sudden rise began.