Clearly CAB made a nice double top confirmed by the AO. Now is CAB going to make a double bottom here? I don't think so for two reasons. 1. AO not showing any divergence and 2. the double top price target is closer to 52. For those who are long, I hope I'm wrong.
Horizontal S&R: yes Channel S&R: no MA S&R: no Stochastic turn/crossover above 80%: yes AO pullback >0= 85: yes Price Pullback Fib >0.382: n/a
Next Earnings date: Oct 23, 2014 (EST) Increasing EPS: yes Increasing Rev: yes
*stop 1 atr below swing low. ** first price target is 50% the move from entry price to previous high. ***No Biotech