Tuesday, May 3, 2011

Daily analysis CTSH

CTSH slipped 8.5 percent. Looks like a Top head and shoulder. I stock is at its 52 week high. Back in 2007, this stock went up and came down. But it had those peaks touching the 30 MA while coming down. This stock goes down but comes up too. One can take advantage of this property.

But definitely on the top now. NOT A HOLD STOCK. good for day trading. Expecting it to up to 79 then  will sell off.

There is a correction in this stock. Many stocks at 52 week highs. This stocks came down the 30 MA  with heavy volume. Definitely not a hold stock. Just cash out and get out.

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