CTTY has not traded above its 10-week moving average since March 2006; this means that the downward trend was established then and was very predictable when CTTY was trading at ~$8.30. One needs to learn how to own stocks with no red flags. Unfortunately, those investors who never got out when the red flag was issued have lost a fortune.
I would watch the 10-week moving average because this appears to be solid resistance for the stock. It needs to clear this resistance on heavy volume for market observers to believe that the blood letting is done. Otherwise lower prices are very possible.
Will CTTY be among the top 50 percentage gainers over the next 9 - 12 months??
9-Month price target?? Good luck!!
Also keep an eye on the following timely MOMENTUM purchases; GMTC, ISIG, UCTT, PLCM, BRCD, DLLR and IIP...
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