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Calavo Growers Inc. Message Board

  • zhiyesi zhiyesi Jul 24, 2010 11:18 AM Flag

    A good pick in uncertain market

    CVGW was named a good buy candidate in this following article:

    The overall market is still trying to find the major direction. The SPY chart shows that it is just breaking out of a down trend, but has yet to be confirmed and long way to form a up trend. Breakout ratio analysis shows bullish trend, but not a strong one http://www.screenulator.com/cgi-bin/view_screen?id=breakout_ratio

    In light of this, I have observed many stocks in this kind of undecided market conditions exhibits "wedge" pattern, a consolidation pattern with decreasing up and down waves, finally converging to a point, then it could sarge upward or drop suddenly. A good way to trade this pattern is to find ones that have just broken out to its top resistance line. Some good candidates can be viewed here http://www.screenulator.com/cgi-bin/view_screen?id=8
    Some examples: ADI, BSBR, AERI, ATML, BT, CVGW, DEO, GENZ, LG, MNTA, RUK, SOLR

 
CVGW
57.09+0.57(+1.01%)May 26 4:00 PMEDT