CPA and the 4% breakout | stockbee

5/17/2007

CPA and the 4% breakout

As I have said earlier the stocks in the Market Monitor might be a buy or add signal. I got lot of questions on CPA yesterday with lot of technical analyst saying it is overextended. Well to each his own. All stocks in 100% plus list are overextended. So if you are technical traders you should stay away from all of them.

Here is CPA in the 4% plus 100% plus scheme of things. Stock is up 221 % for the year from 260 days low.It also had Episodic Pivot yesterday. Will it go up , who knows. But buying such stocks is one of the ways to make profit in market.

3 comments:

raj said...

Pradeep
On the bottom of the tele chart and above volume bar what type of formula do you use which has spikes (% true)

Bill said...

"So if you are technical traders you should stay away from all of them." News flash! Your "double trouble" IS a technical trading scheme.

Pradeep Bonde said...

Raj
( 100 * (C - C1) / C1) >= 4 AND V >= 1000 AND V > V1