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CVR Energy, Inc. Message Board

  • steveschrift steveschrift Apr 17, 2013 2:01 PM Flag

    CVRR seems to be forming a head and shoulders top if and I repeat if it breaks below it's neckline of

    28.35 then it is projected to go down to the 21 area. I am not saying we are there yet but if we break down below 28.35 on strong volume watch out and get out. I am not buying for awhile waiting for the dust to settle on this one.

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    • agree.... if we saw the breakdown you spoke of.... however what seems to be happening now is a bottom forming prior to a distribution run. time will tell but if announcement comes in next week or 2 and if we don't get a big downside surprise (which i seriously doubt after management recently upped expectations on yearly distributions) i think we see 34 again before 24 much less down to 21.

13.60-0.69(-4.83%)Sep 29 4:02 PMEDT