CRCT (technical)

CRCT: making a new multi year high at $1.525, +0.3%. Technical outlook appears positive, with both price and key indicators (RSI, MACD) rising steadily since beginning of 2012. The stock has broken out of a key long term resistance level at $1.50 (end Jul ’09 peak), and is just shy of the critical $1.53 long term 0.38 Fibo retracement level. This makes the stock a likely bullish breakout candidate, which if successful could move to test the next target level of $1.87 (50% Fibo retracement level) in the months ahead.