Globe Specialty Metals shows relatively strong fundamentals and is coming back to attractive prices.

From a fundamental viewpoint, the company has a value in line with the industry as its enterprise value ratios show.
Concerning EPS estimates for the two coming years, they have been revised upward by analysts (by almost 80% for 2015 since September 2013). This positive fact opens the way for a better evaluation of the stock by investors.

Technically, in daily data, even if moving averages are still in a downtrend, a positive reaction in the USD 18.5 area should stop this trend and allow a technical rebound towards USD 20.5. Indeed, this support has been tested many times and hasn't be broke out for ages.
Moreover, technical indicators show a significant oversold condition which strengthens this bullish scenario.

The stop loss will be placed at USD 17.9.