Saturday, February 24, 2007

Is CRVL Ready - Finally?

CRVL is a stock on the decline - it hit a wall several weeks ago right after announcing. There is no apparent reason for this swoon except that it made its number and then some (double) but didn't announce another stock buy back program. At least that's my guess. Of course it is possible that people started to notice that there were 45 insider transactions in the last 12 months and 41 of those were sales - or that of the 21 insider transactions in the past 3 months 21 were sales - I don't know what is going on there but it looks like a lot of insider folks are taking advantage of the huge run up in price to finally buy that double-wide they always lusted after down in the trailer-park.

Anyway it formed a nice DOJI star on the weekly charts which is otherwise known as a "dummy spot" so it might be a good stock to watch for a reversal.

The fact that this was a gap down following a red candle makes it a set-up for a morning star. If next week's candle is white/green then it will be a morning star or as they say down on the farm - ake no myojyo doji bike - easy for you to say. At any rate - a reversal signal.


TradingGoddess said...

The chart is rather smoooooth since the 8th. I am almost tempted to get back in.

Almost. As I still don't understand what happened at earnings, (yes, I listened to the cc) ... I am a bit hesitant. If this somehow bottoms this week, I might be more apt to get back in the following Monday.

Anyway, good luck to you in whatever you do my friend! :)


Who knows whats next.