RE: UK Stocks - Watchlist and Discussion (Premium)
(2014-07-03, 09:09 PM)Lplate Wrote:(2014-07-03, 02:05 PM)MalcolmSm1th Wrote: I am looking at CTH.L (CareTech Holdings Limited)From a Weinstein investor point of view I think all you need to know is that this is a 1-year old stock...
I bought into CTH.L recently. Unfortunately I bought a little late, a habit I need to get out of as I'm a little negative on this stock at the moment. However, it is not a 1 year stock:
Yahoo has data going back to 2009. I fetched data back 3 years, albeit it has some errounous sections as some of the smaller stocks seem to do from time to time.
Quote:...
so you don't have a decent 30 week MA uptrend to look at, but, insofar as one exists, the b/o on hi volume was at 250,
it turned around before hitting 270,
remains in some measure of 1 year uptrend, and now has returned to 250 on low volume, which is potentially one to watch. Your question as a holder is whether to add at breakout level or whether to get out while you are around b/e, as it is not behaving as well as you would like, which it obviously isn't.
From what I can see the question is whether it drops below 250. If it does I presume that it should be sold rapdily rather than awaiting resistance at 230 at it is a failed breakout. However, is the volume all that bad on a daily chart? Volume did increase and then drop back.