"CRTO" is an internet information provider. The companies expected earnings have consistently undermined the actual quarterly report, including Q4 that was released today at 7% growth from the last quarter. In this situation, there was some static about the company, causing the premarket value to drop. That made me hold off on the first candle. The stock should...
Bullish MACD and RSI divergence may have fueled the resent surge from $25-$37 in Criteo's price. However, the price has formed a nice bull flag and likely will continue to rise. I expect a test in the $44-$42 range.
Oscillator showing more and more Bullishness + Stock raising in a stair-case fashion.
One can argue the recent unconfirmed rumors about a possible acquisition might have distorted indicators, but it looks to me that the trends are real.
Predicting around 42-44 by end of 2014. Earning expecting to be good which can't hurt this prediction.
Prediction breaks down if ...
