There is a fundamentally sound business here (for now), but the shares have yet to build what we call an IPO base.
Traders could go long CI at current levels, and we have two price objectives.
Hundreds of broken charts are being offset in the indices with a couple of big-cap names such as Home Depot.
Let's look at the latest index charts and key market data.
This tracking portfolio is comprised of companies that have three specific attributes.
Here's our first price objective.
Here's our technical strategy.
I have become a huge devotee of this simple option strategy. Here are two recent examples from this week.
Let's review the charts and indicators.
The 'organic' economy has to take over at some point, and at that point, at least in theory, demand for credit should accelerate.