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Chiquita Brands International Inc. Message Board

  • bookerone2000 bookerone2000 Feb 28, 2011 3:11 PM Flag

    CQB

    Looks as if we will close over $17 today. Nice day for CQB. Market evidently is anticipating decent earnings & positive guidance.

    Good luck longs!

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    • CQB is on a tear, and just about every technical indicator is bullish. So, in an upward market, you can expect it to do very well. Also, consider that there were over 4 million shares short as of mid-month. That's a lot to cover. There are 2 sessions to go before earnings get reported. But, FDP announces tomorrow, before the open. You can just about bet that CQB will either take a body blow or spike upward, depending on FDP's results. Of course, none of us know who they will do, but to a large degree they are riding the same prevailing winds as Chiquita, and they are fairly well managed. So, I think there is more upside potential than downside. It's not a lock by any means. From a technical stance, CQB did pass through $16.82, which was a resistance area, and we are sitting at a new 52-week high. That makes it difficult to peg the range of the next leg upward. I'm thinking there are some resistance points in the mid-18 range, but I'd have to go back and look at a chart that goes back more than a year. GLTA

 
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