SSS - Carbo Ceramics (CRR) Potential Peak on Right Shoulder of Head & Shoulders Formation
|Published:||17 Aug 2011 17:07 ET|
Carbo Ceramics (CRR) looks like it may be at the peak of a right shoulder within a head and shoulders top formation. It appears shortable at current levels, just below the 65-day exponential moving average at 150.57, which could be used as a tight upside stop. The initial downside price objective if this works would be the prior lows at around 120.
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