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Newcastle Investment Corp. Message Board

  • ronrunoff ronrunoff Nov 18, 2011 6:04 PM Flag

    BULLISH CUP AND HANDLE

    A very bullish cup and handle pattern has developed over the last month in NCT....i am looking for a breakout above 5 dollars in the next 2 weeks..enjoy!

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    • I don't know bu it looks like more on an reverse bullish cup and handle.

      But i am also (a bit) optimistic.

      I more think about a dividendstock Newcastle Investment is becoming. The price gains will be little but this will be compensated with the large dividend.

      If you look at the expected EPS for 2012 a big move to the north is not really possible i think.

      • 1 Reply to sander0975
      • Your observation is noted...but the breakout days of OCT 28 and NOV 8 nullify the inverted cup because they push into the base of the cup...i like my patterns to be a bit tighter....also...there are "GAPS" to be filled up to 5.50.....so for the short term i am bullish...and like i keep saying, the tight accumulation pattern we have been experiencing lately tells me that long term holders are investing in NCT for the "LONG HAUL".....its nice to see another chart reader on this board, keep up the good work!

 
NCT
4.47-0.04(-0.89%)Jul 31 4:04 PMEDT

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