Breakpoint
Long

Long $CBI 1.5x risk/reward

NYSE:CBI   CHICAGO BRIDGE & IRON CO N V
23 1 0
CBI             just completed a gap-fill. Today shares declined approximately 4% on below average volume . We view this activity as a setup for consolidation and upward price action. To the downside we are assigning a stop just below $36, for upside we are setting a $43.50 target. We recommend investors scale into their positions around $39.

Good luck to all.
Breakpoint
10 months ago
While we are seeing some support at $35, momentum still appears negative. We remain cautious.
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