FDFD12 is here
The chart has been broken over and over.
There is a news release this morning which, perhaps, is the reason
why it went down $7 after earnings.
What I need you guys to look at is the chart AVO.
See how it hit around $11.50 at the end of SEPT. and then up and only to
go back down to retest that level a few times.
Notice early March, a GAP and breakout from those 7 month levels.
Will probably never look back and go up.
Moral fo the story:
A broken chart takes 6-9 months to repair itself NO MATTER HOW
GOOD THE FUNDAMENTALS ARE.
Well for CXR, the low CLOSING price was $30.25 (even though it hit $25 that day).
So CXR may go to $31.50 to $32 to kind of re-test this bottom of SEPT and that should be
the end of it IF THIS STOCK IS REALLY A GOOD STOCK AND WILL GO MUCH HIGHER IN THE COMING MONTHS and year.
Please go and check AVO and see what and how long it based.
TY for reading this.