Hovering a couple of points below rising 200 day SMA- If this issue pops over SMA at earnings next month.... could hit new highs! The stock needs to base out for a while,,,, build a base and then rise.... If if cant pierce 200 day again soon..... may be while.... Jefferies calls this one recession proof!! EURO at 1.40 equals CORK at 40!!! How many cans per plant in Shanghai, Peking and Szechuan Province... not to mention Hong Kong!! Brazil,too!! Cork....start building a base and then its up again!! This is the ONE to put your portfolio back on track!!!!!!!!!
Did CCK just break through the 200 day moving average...technically a very good sign--- Odd to break out on a miss by its chief competitor, BALL Corp... but the yearly earnings projxn for BLL is intact... CCK has nine italian canneries.... but the growth will be in China, Brazil and the mid east... I do think forty is still do-able in the next twelve mos... sooner if the market burns out on financials and insurance cos... I am also long DOW chem, MSFT