| id25443 |
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Gold User, Member, TeleChart
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| Registered User |
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| Unsure |
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| Wednesday, July 5, 2006 |
| Tuesday, December 11, 2007 3:36:23 PM |
5
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are you still holding it? I saw it retrace 50 % of the bounce in an anticipation of getting to $70 by Jan
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anybody shorting it yet?
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CRUS - The stock broke $7.20 support, but did hold $7.12. That mark is now a double bottom. Once that held, the stock rebounded, and then picked up strength with the market in the early afternoon. It then sold off at the close with everything else. Looking at the chart, the MACD does not look encouraging, however, that has not deterred this stock in the past. It will trade with the market usually, regardless. Besides the double bottom, the stocks relative strength intra-day is encouraging. The stock was positive at one point today, while the market was still down. I am expecting it to trade up $7.75 in the near term, unless the market continues to be this severely weak.
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Any comments on it's short term performance? Would it participate in a broad market rally? I am planning to take position tomorrow around 50 DMA.
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