June 7, 2008
CWTR - Nasdaq. Coldwater Creek Inc has been bottoming for most of this year after being sold off from its highs near $30. The buyers are now coming back as can be seen by the turn around in the OBV since mid January 08. A health sign of early accumulation taking place. A breakout of 7.00 on increased volume, perhaps ~ 10 or 15m would constitute an entry. Has gaps to fill at around $11 and the $17 so a lot in favor here for the medium or long term.
No responses to "CWTR - turning around"
No comments yet.
Leave a comment