Weekly moves into 2016I would be just as happy to see weekly two dollar to five dollar moves, with higher weekly low's, much like last year. I still think CXR is way oversold and until it moves to the 200 day moving average we may see greater weekly moves then what happened last year. CXR has a lot of things on their plate and as news releases support the technicals and fundamentals, we all may be very surprised with the upside. In saying that, the general market must support the health sector.
Our weekly tops must be taken note, $52.80, $53.98, and $54.96. That $53.98 was our monthly high for November. The target I am looking at is the October high up $61.66. Once CXR crosses that October high, the 200 day moving average will not be far behind. Very nice volume yesterday. Eyes will be on last weeks weekly high of $52.18 for support.