Carpenter Technology Corp. Message Board
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IBD
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.
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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?- 1 Reply to xvodio
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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!
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With P/E =15 you can't go wrong I think it will make it to #1 in IBD 100 list
- 1 Reply to mzloom00
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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.
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Nop.
It would be better to buy if it closes above $122 on incresed volume.- 1 Reply to stankalwala
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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!
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