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Registered User Joined: 12/13/2004 Posts: 76
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Making another step up. Been watching my ipo wl today.
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Registered User Joined: 12/13/2004 Posts: 76
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May be set for another step up. Nice little shakeout yday and holding it's own during mkt weakness today.
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Registered User Joined: 12/13/2004 Posts: 76
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Another nh since restructuring, but on pitiful vol, but that can change quickly.
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Registered User Joined: 12/13/2004 Posts: 76
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After hitting 16.94 (1/20), sold off hard back to 16.07, wedged up for 5 days to 16.92 again on Friday,1/27, reversed, and now back to under 16.10. Could continue in this range, but short term picture does NOT look good to me, though vol so far today is lower than the last selloff. Previous "step" consolidation zone is right around present 50dsma/ema.
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Registered User Joined: 12/8/2004 Posts: 1,301
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It hit this area in April and June of last year only to be turned back. Based on the volume action, and the strength of the trend I think it has a decent chance to push on through that resistance.
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Registered User Joined: 12/13/2004 Posts: 76
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Covanta (CVA) initiated by Oppenheimer. Initial rating: Buy.
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Registered User Joined: 12/8/2004 Posts: 1,301
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It's making a really nice move today!!!
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