“Best of the Best” for Q4-07
21 October 2007Well so far in Q4-07 there is still only the (1) stock, CMN, that has made it to the “Best of the Best” list. Looking at its chart, the uptrend is still in play from a bottom that many stocks put in during August of this year. It has pulled back a bit since it reported earnings and is almost back to where it was at the release. Maybe its a gift, maybe its not. The place to buy it now would be at support along its current uptrend or 50 day sma. Right now we have a hammer off the 50 day sma (bullish sign). You would definitely want to bow out below the 50 day simple moving average. Note: I am not currently long (or short) this stock.
-Harvey
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