Registered User
Joined: 7/5/2006
Posts: 5
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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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