Clear Harbors
By Yaser Anwar, CSC of Equity Investment Ideas
Clear Harbors (CLHB) was trading sideways until the end of April. On May 4, 2006 the stock broke upward through all the moving averages, and started an uptrend. It created the bullish wide range bar pattern with over a 22% gain in one day. Since then, the stock has continued higher to an all-time new high for the stock. Two weeks ago it retraced to the 40MA while holding well above that level. For the last three trading days, CLHB kept going higher on higher volume to reach an all-time new high again. This is the setup for a bullish continuation pattern, perhaps being an indication that the stock will continue to an even higher level.
http://equityinvestmentideas.blogspot.com/
Clear Harbors (CLHB) was trading sideways until the end of April. On May 4, 2006 the stock broke upward through all the moving averages, and started an uptrend. It created the bullish wide range bar pattern with over a 22% gain in one day. Since then, the stock has continued higher to an all-time new high for the stock. Two weeks ago it retraced to the 40MA while holding well above that level. For the last three trading days, CLHB kept going higher on higher volume to reach an all-time new high again. This is the setup for a bullish continuation pattern, perhaps being an indication that the stock will continue to an even higher level.
http://equityinvestmentideas.blogspot.com/
posted by douglas mcintyre at 4:12 PM
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