Looking at this chart of Constant Contact (CTCT) we can se some encouraging reasons to take a chance on a long trade with CTCT and expose ourselves minimally. You can see where CTCT had a recent gap up in the market which put it over the 100 period SMA
and to this point it has stayed above that level. I have entered this market after CTCT gapped up and pulled back to the 100 SMA
@ 14.00. With the market pulling back to the resistance this is a area that I like to base all of my trading opportunities on. Currently we are facing resistance from the Kumo cloud but the cloud is very thin in this area. I also have place a line noting prior support level
below the 100 SMA
@ 13.56. With CTCT at a psychological support level
and 100 SMA
level coinciding the risk at CTCT is minimal. To be safer you can wait to see if this stock could break the Kumo and the 200 SMA
and then enter a trade. I prefer the low price and low risk trade.
Constant Contact, Inc. (Constant Contact) is a provider of on-demand engagement marketing tools that are designed for small organizations, including small businesses, associations and non-profits. The Company's tools include its email marketing, social media marketing, event marketing, local deals and survey products. Engagement marketing is marketing to customers, clients and fans to create interest through an ongoing dialog. Its email marketing product allows small organizations to create, send and track professional and affordable permission-based email marketing campaigns. In June 2012, it acquired SinglePlatform. In January 2012, it acquired CardStar.