RE: chl.a breaking out?..... very strong bullish technical move by chl today and is confirmation of the strong accumulation that was going on between late feb and early march 2012 when shares consolidated in a very tight range between 27-27.85.... for shares to be hitting all time highs back then so close to earnings release and not backing off one iota was clearly a sign of very strong interest in the shares
few stocks impress investors these days, especially on earnings day.... most stocks overpromise and under-deliver consistently yet are rewarded with at 10x multiples or more
chl is the exception rather than the rule..... always trades well on earning because it does not over promise.... now is the time for the analyst ratings to get pushed into the high 30's and get some investor and fund interest in the shares.... todays volume is decent for chl but we need to see more
also, investors have to realize that they are also getting a 4% dividend!! they are not paying nearly enough for these shares, should be 30$ minimum
broker 82 steifel nicolar is buying and not selling today so maybe they have something bullish to say
glta