Bought CPRT today considering that the stock has been showing a bullish trend since the beginning of the year, every price decrease was at a higher level than the previous one and currently the stock doesn't have any resistance.
The stock volume during the last few weeks was under the average for the last 5, 10 and 20 weeks, so this could mean that the current...
*****Purely based on technical setup in NASDAQ:CPRT looks like a very good possibility of a major breakout in the coming days set alert for $72.50. *********
COMPANY PROFILE
Copart, Inc. engages in the provision of online auctions and vehicle remarketing services. It provides vehicle sellers with a full range of services to process and sell vehicles primarily...
Copart is a very strong company with financial fundamentals, as earnings approach we are a little worried that the stock is starting to get tired and losing momentum. Indicators are all quite bearish and a break of trend could result in quite a sizeable correction, on the other hand positive results could aid the break above resistance and avoid the dreaded double...
CPRT is approaching our first resistance at 56.01 (horizontal pullback resistance, 50% fiboancci retracement, 100% fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 50.72 (horizontal pullback support, 50% fibonacci retracement).
Stochastic (55,5,3) is also approaching support where we might see a...
Guessing this closes one gap or another after earnings. I'm guessing down, P/E ratio of 28 is way too high for an auto auctioneer, Carmax (CMX) already ate **it, pattern is identical.
Copart Inc (NASDAQ:CPRT) is an online seller of salvaged vehicles on behalf of banks, finance companies, charities and dealers. Earlier today, the company reported earnings that are not being well received by investors. Copart Inc shares are declining lower by more than 16.0 percent to $53.30 a share. This morning, the stock has been defended around its 50-week...
Chart was annotated on Aug 13 - the dotted line was projection.
Here we are two weeks later and, well, I'm sure we may see some consolidation soon. Climbing up the stop-loss
