Recommended Reading

Google Search

Google
 
Charts courtesy of stockcharts.com

Wednesday, January 14, 2009

COCO

There were no breakouts today, so I thought i would look at a few charts from the education group, which I think may be topping out. I covered APOL a couple of days ago, and even though it gapped up on earnings, I wasn't very bullish on it. COCO tried to break out the same day, and failed, then promptly came unglued. Volume has been higher than average, but not panic selling.
The 50dma did not give support here, so this may be headed for the 200dma. CMF looks pretty bad, relative strength is weakening. I'll be tracking this group over the next few days.

No comments:

Google Analytics