CRS trade ideas
CRS Making Higher Highs while Keeping Same LowsCRS has a lot of upside with gaps to fill. Price action suggests new local highs can be made.
Possible Long Entry for CRS
Chart looks like a bullush trend;
Tenkan crossing up through Kijun (but below the cloud);
Chikou is above the cloud but close to price action - possible consolidation;
Bars have broken out above the cloud, but a 3 bar pattern has not yet been established...2 of the bars dipped back into the cloud restarting the count
XME Components Analysis Number 11: CRS (Carpenter Tech)I have recently published a series of bullish articles about-XME.
CRS-is one of the components of-XME. The strength of this chart speaks for itself -
It is one of the metals stocks which is contributing to the strength in-XME.
XME-is the-SPDR S&P-Metals and Mining ETF-which offers broad exposure to industrial-and precious metals and mining, with a strong emphasis at the lower end of the capitalization spectrum. It holds 25 components in an equal weighted market cap.
I believe by showing you some of the individual components of-XME you will understand why I am very bullish towards the upward move in-XME.
Don.
Bearish technicals. Strong resistance overhead & RSI double topStrong overhead resistance has formed from the down-trending channel that begun in August 2014. There is also a fib retracement level @ 41.38 which the price has also recently respected, giving weight to its significance. The RSI has also topped out at a level consistent with the previous high made in late February 2015. Volume is falling as buying interest wanes after the recent rebound off the near record lows made in April 2015.
