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Covance Inc. Message Board

  • thetechtraderca thetechtraderca Jun 25, 2014 11:00 AM Flag

    Harry Boxer's Charts of the Day

    Harry has posted Charts of the Day video on CVD at TheTechTrader site noting: Covance Inc. (CVD) had a beautiful rising channel, and when it broke in April, it broke hard, coming down from 106.50 to a low of 79. It happened very quickly. It formed a 3-wave rising corrective bear wedge. Terrible techicals. Declining path. The downward channel is very wide, but even if it comes down to where it can conceivably drop, it could see the low 70’s. First a test of the spike low at 79, and then something around 71-72 could happen. Keep an eye on this one.

106.44-0.63(-0.59%)11:01 AMEST

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