CIS potential breakout play
Started by
Costa
, Mar 13 2012 01:59 AM
1 reply to this topic
#1
Costa
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- Traders-Talk User
- 660 posts
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Posted 13 March 2012 - 01:59 AM
We are on the verge of a possible breakout in the shares of Camelot Information Systems Inc (NYSE:CIS). The stock tried to break out on Monday, but the weak market pulled the stock down from its high on the day. The stock hit a high of 2.98 which is now resistance for Tuesday’s follow through move. I expect to see a strong upside move if CIS can break through this resistance level. Daily chart also indicates bullish sign as the 20-day moving average has crossed above 50-day moving average with KD going up and MACD in positive territory. Watch the stock closely on Tuesday.
Costa
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#2
dasein
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Posted 13 March 2012 - 08:02 AM
nice hunting - looks like a good setup Costa.
best,
klh
klh
