Tuesday, August 20, 2013

CNA (technical)

CNA: technical readings lack meaningful accuracy for this counter, given the short time frame in which sufficient volume exists, and the recent volatile spikes in the counter. If forced to make a call, near term outlook appears positive as the RSI and stochastics are climbing, in tandem with the recovery in share price. Continued momentum may see the stock test the previous high of $0.31. Conversely, a break below $0.188 (gap) would be decidedly negative for the stock.

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