RE:Cpg.....watching for. EntryWhen I buy any stock I always throw up a chart with bollinger bands, look at MACD, & RSI.
We broke a support today (20 day MA) which is $31.23. So the first question will the price find support here and pull itself back above the MA?
If not, the next support level is the 50 day MA and lower bollinger band, which is around the mid $28.
RSI is at 50, which is not a buy or sell. 70 or higher is a sell and 30 or lower is a buy.
MACD also went negative today (first time in along time).
The stock feels like it lost some of its punch once it hit the high $33 a week or two ago.