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Tuesday, September 24, 2013

CLR

It's too bad I can't do annotated charts on Tuesday, because if there is one begging to be drawn on, CLR is it. It has a nice breakout past 99 a couple of weeks ago, on damn nice volume, but since it never formed a handle, it formed one after the breakout. From there is broke out past 103, gapping to just over it today, and it got pretty good volume today. Price relative has been in a steady up trend since April, and the 50dma has been strong support since June. There were more spectacular breakouts today, but this one is a leading stock and, in he long run, probably has a lot more potential.

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