CTXS - Near Breakout

Discussion in 'Stock picks and trading strategies' started by alpha, Jan 5, 2011.

  1. alpha

    alpha New Member

    Hi Guys,

    Check out this stock that I believe is on the verge of a break out and the clues are all leading to this conclusion.

    1) The stock has been making lower lows every month it was down since the major drop in October as its been pushing upward.

    2) There was a hammer in yesterday's trading which showed that the resistance from EMA 50 day and the prior high in November is holding strong. Not to mention the major trend line that were getting a bounce from.

    3) The stochastics are in a wedge!! as the stock has been flat for that past weeks. This is the biggest clue from the stock.

    The fact that it far to close to the September resistance line is making feel that a break out is on the verge above 70.64.

    Let me know what you guys think.

    Thank You So Much!


    CTXS_01_05_2011.jpg
     
    Last edited by a moderator: Mar 22, 2014
  2. Blaine Tarr

    Blaine Tarr forum leader won penny contest 24x won weekly contest 20x

    Very Nice, adding to my watchlist for the breakout. This is what I'm talkin 'bout! :wink:
     
  3. alpha

    alpha New Member

    Thanks btbulldawgs. I appreciate that dude. :)
     

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