$CRI Ascending triangle breakout as well as break through 50d ema today.
See chart for possible near and medium term targets. Note earnings approaching later this month.
Note: Informational analysis, not investment advice.
Its getting near a good support zone;
however, its done a major fake out before, so this one is kind of a dangerous play; if you see the chart, it looked like it bounced off support and then tanked; but then again that could have been consolidation to create a bear flag; no bear flag this time;
Wait for the the bounce to make sure that this is actually ready...
CRI broken down from an upward channel & seems it has good down side potential. We are looking for a short here.
* Trade Criteria *
Date First Found- May 16, 2017 (Intraday)
Pattern/Why- Upward channel breakdown, capturing the crash
Entry Target Criteria- Break of $86.97 (Hit May 16, 2017)
Exit Target Criteria- 1st Target $83.97, 2nd Target $78.77
Plan - Limit order @ 15.6 is on for a 10% Profit here.
KEEP your eye sharp on this ONE because is close to earnings day @ 25 April.
NEVER AND NEVER LEAVE YOUR POSITION ON EARNING DAYS!!!
GOOD NEWS AND YOU GO TO CINEMA - BAD NEWS YOU AND YOUR ACCOUNT WILL BE CRYING.
Cryolife broke a downward trend today. It is a strong buy by Yahoo Financial
"Coming to projected sales, the stock holds a growth rate of 25.16% for the current year, compared with the industry’s 6.47%. CryoLife registered positive earnings surprises in the last four quarters, the average being 333.75%.
CryoLife reported stellar third-quarter results, with...
A possible longterm longsignal is possible.
Should u now fix the actual Level or wait for the breakout?
If you are a cyclical Investor, you wait until the breakout appears: stoppbuy >110$ --> SL ~98$ (last low) TP 130$
If you want to trade against the trend, open a shortposition at the actual Level, SL a bit above the last significant high at ~ 11$5 TP 98$
After beatings earnings estimates on 2/25, price action has formed a clear bull flag. Volume is also constant with a bull flag. Wait for a jump up with high volume to confirm trade. Price should move up to at least the previous resistance at all time high around 109-110.
The price of Carter's stock recently soared after reporting strong earnings on 2/25/16. Watch the 100 level. If that previous resistance turns into support, price will likely rise again and retest the 106-110 area. However, if support does not materialize at 100 look for a retest of 88-84.