|Day Low/High||49.84 / 50.66|
|52 Wk Low/High||34.84 / 65.25|
Downgraded CBT appears weak and likely headed lower, so it's best to avoid.
The fundamentals are there, supported by earnings. Let's look at the charts.
The height of the base pattern for CBT suggests a potential for a rally to the upper $50s.
Look for 2015's record run of mergers and acquisitions to continue.
Let's look at the names I called out as having meaningful trends we could play.
The global opportunities for more drilling to take advantage of a $100 price are just too great.