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Registered User
Joined: 3/7/2006
Posts: 244
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CSGS
If it breaks out cleanly it may make a nice move. The 52 week high is 26.21, the intra-day high on Friday was 26.21 so now it poses some resistance. I think it's likely to break through and like I said, if it does I'd guess it may be good for a trade.
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Registered User
Joined: 3/7/2006
Posts: 244
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No comments????
Add DRIV to the list.
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Registered User
Joined: 1/28/2005
Posts: 6,049
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I guess it would depend on how volume goes once they reach breakouts
to new highs.
Both of them have a type of cup-with-handle going on. With more of a V
shape in the DRIV cup.
Possible danger for the longer-term is CSGS looks like its at about
50% of its long-term H-L range which could be resistance.
On a weekly chart with 15,30,15 MACD histogram. It looks like
the DRIV breakout is underway.
Thanks
diceman
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Registered User
Joined: 3/25/2005
Posts: 67
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I62,
I'd be tempted to front run the breakout if the momentum was a bit stronger, because the volume has increased noticeably since the 14July low. I like the fact that it has already closed above the high volume bars of 26-27July on good volume. Good performance vs. group, but a weak group.
JG
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Registered User
Joined: 1/27/2005
Posts: 8
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On CSGS
May be a bit late for any real gain now.
EPS growth is low.
No institutional support, never was.
Insiders bailed out in Dec; and have not bought back in.
On DRIV
Again, may have run it's best for now
Projected earnings in the negative
Institution's never have thought much of this one
And again, the insiders have been selling since Dec.
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