CMG continues higher

Discussion in 'Stocks' started by Stocks4life, Jul 31, 2013.

  1. held gap up for two weeks now a continuation breakout above 410.51

    BREAKOUT WATCH for possible breakout above 410.51, no resistance in area just above.
    Type: Continuation breakout from single resistance.
    Target: 434.5, 6.2% Stop: 403.1, Loss: 1.5%, Profit/Loss ratio: 4.1 : 1 - Excellent

    CURRENT PRICE 409.35, at resistance, 405.1 ± 5.27, type single, strength 1
    RESISTANCE ABOVE None.

    SUPPORT BELOW -5.8% at 385.7 ± 5.01, type single, strength 1
    -8.3% at 375.4 ± 4.88, type triple, strength 9

    [​IMG]

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=CMG
     
  2. REGI also on the move on big volume today (282% higher) confirmed breakout above 14.96

    VOLUME 1.03mil shares, +282% compared to typical volume of 270.7k by 1:55 pm ET (15-20 min delayed).
    High Volume alert!
    Typical daily volume is 458.8k shares over the past 6 months.

    BREAKOUT CONFIRMED breakout above 14.96, no resistance in area just above.
    Type: True breakout from triple+ resistance.
    Target: 17.57, 14.9% Stop: 14.26, Loss: 6.7%, Profit/Loss ratio: 2.2 : 1 - Good

    CURRENT PRICE 15.29, just above resistance, 14.44 ± 0.52, type triple+, strength 10
    RESISTANCE ABOVE None.

    [​IMG]

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=REGI
     
  3. once again CMG looks ready to breakout

    VOLUME 164.4k shares, +88.7% compared to typical volume of 87.11k by 10:45 am ET (15-20 min delayed).
    High Volume alert!
    Typical daily volume is 363k shares over the past 6 months.

    BREAKOUT WATCH for possible breakout above 429.92, no resistance in area just above.
    Type: Continuation breakout from single resistance.
    Target: 453.5, 6.1% Stop: 417.86, Loss: 2.2%, Profit/Loss ratio: 2.8 : 1 - Good

    [​IMG]

    source: <a href="http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=CMG"><u>CMG at StockConsultant</u></a>
     
  4. held off recent selling and looks like it is ready to try and breakout again

    BREAKOUT WATCH for possible breakout above 435.38, no resistance in area just above.
    Type: Continuation breakout from single resistance.
    Target: 459.5, 5.9% Stop: 426.86, Loss: 1.6%, Profit/Loss ratio: 3.7 : 1 - Excellent

    [​IMG]

    source: <a href="http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=CMG"><u>CMG at StockConsultant</u></a>