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ITM.Trading

MACD cross on strong volume. OBV broken up & ADX weakening

Long
Cogent Communications Holdings, Inc. (NASDAQ:CCOI)  
ITM.Trading  
NASDAQ:CCOI   Cogent Communications Holdings, Inc.
2
1
CCOI is appropriate as a long trade with a target of $36.49 which is the 0.382 fib retracement level and also at the prevailing downtrend. It may face short term resistance @ 35.54 but anticipate a clearance of this level based on strong volumes and break upwards of the OBV. The MACD cross cements all of the above.
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