Head and Shoulders

lauralea Updated   
NASDAQ:CRVL   CorVel Corp.
Price also formed an AB=CD pattern and bounced back up off the 50% retracement of the impulse wave up..

Price is now above the neckline which is almost exactly on the 38% retracement.
H&S patterns are not valid without a clean break of the neckline.
This one looked like it was going to sink and a bullish pattern saved it for now.
Price is above the 20 and the 50 DMA.

Short interest is around 3%. Short ratio approximately 7.6

Earnings 8-25 before market opens. It does not look like CRVL has a history of earning beats.

No recommendation. Short with break of neckline and a clear downtrend.
Correction: Earnings estimated to be 8-2-22

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