Market Review on CRHA series of events lately point to moving out of the dolldrums on this stock:
1st, today we broke through the $5 resistance with both price and volume confirming the break out for real. Next resistance level probably at $5.50 or higher.
2nd, On the American side, CRHM shorts came off by 66% the last two weeks, a good sign ,too.
3rd,The announcement that a Director was hired to exclussively look after the O'Regan hemmoroid system seems important given the company likes to partner with physicians whom CRH has trained to these protocols and uses them as pool for future partnerships to grow the business.
4th, for those who use margin, i use some, the Scotia itrade raised the margin to 70% for this stock meaning that you put down 30% and they 70%, good leverage to have provided the stock is in a bulling trend, and CRH is just breaking out.
And 5th,the volume rise today is mostly due to new-comers and some shorts, but mainly new blood. So it seems the stars are being alligned for a long awaited nightmare to end. So let us keep hope alive.GL