CYH breakout above double top

Discussion in 'Stocks' started by Stocks4life, Mar 10, 2013.

  1. this stock moving above the recent double top area, could spring higher as resistance has put up a good fight over the past month.

    BREAKOUT CONFIRMED breakout above 42.85, no resistance in area just above.
    Type: True breakout from double resistance.
    Target: 46.33, 8% Stop: 41.89, Loss: 2.4%, Profit/Loss ratio: 3.3 : 1 - Excellent

    CURRENT PRICE 42.91, just above resistance, 42.12 ± 0.72, type double, strength 8

    RESISTANCE ABOVE None.

    SUPPORT BELOW -1.8% at 42.12 ± 0.72, type double, strength 8
    -7.2% at 39.84 ± 0.68, type double, strength 10
    -11.2% at 38.1 ± 0.65, type single, strength 5

    Stock chart

    [​IMG]

    source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=CYH
     
  2. CYH on a good run here