The latest IBD claims that CRS is just below a $122 buy point. It seems to me that it would be better to buy it at $118 than $122.
Nop.It would be better to buy if it closes above $122 on incresed volume.
stankalwala,I was just kidding. I understand the IBD "pivot or buy point" theory. I do think that CRS will reoport great earnings and will surpass the $122 mark in the next few weeks! It is safe to buy now!
With P/E =15 you can't go wrong I think it will make it to #1 in IBD 100 list
I bought earlier, and I am looking to add some more. It looks like it will hit $122 on higher volume today. The chart shows it has been consolidating for over 10 weeks. However, the right side of the cup is still being formed.I suppose a strong earnings announcement and a stock split could propel this stock to new highs.
I agree with you guys but what about the strenght of the whole industry group? Do you think it has enough for to hold on into the next rally?
IBD has the industry group rated the 3rd strongest out of 197 groups. I think we may get a lift when Alcoa reports on Monday!