CAMP making a 3 month/1 quarter cup - Break out when earnings released
CAMP is has a very tantalizing 3 month cup pattern. No handle as of yet, and it may not happen. If earnings are a blow out, the stock may go up. However, since part of the revenue is from government, sequester which had a unexpected effect on GDP, may also have a negative impact on CAMP
if you look at the 10 yr. chart , this had a top around 13 in 06 . if the market can break over the old highs , this seems possible if we are given a better than expected report . Being as the stock has pretty much moved up without any major pullbacks , its also ripe for a drop .. the big question is whether the market can break out ... without that breakout , this could have trouble getting to that old high at least in the short term .. ive also noticed in some issues that report better than expected earnings in the last couple weeks , where anyone would think that would cause a good jump in the price , its been doing exactly the opposite .. if camp moves noticeably higher the day before earnings , its a coin flip as to whether that is time to sell or wait till the announcement .. there are 3 flags in a row but the stock has moved a bit too far above the 30 day moving aver. .. in the past yr. when the price has gone from 1.50 to $2 above that line it pulls back to that line and right now its 1.50 above it ..
Wary now after the last week's action. I really thought it was gonna pop this past week. Still think so for reasons both technical and fundamental. CAMP seems to have both on it's side. But great set-ups collapse all the time. Still plenty of time to make a pre-earnings run to $12 or $13, which is really all I was expecting from the chart; then pause for the news. But think Monday's gonna tell the tale. It looks like it's set up now to open sharply higher or lower.