Weekly Comments – October 2, 2017 – CBM, ECOL, OLED, POWL

CBM  –  Technical developments.  Last week shares of Cambrex continued a climb higher that began in early September 2017.  Traders also get some guidance from the Point and Figure chart for CBM.  In the second day of trading last week, the shares…

ECOL  –  Technical developments.  Two weeks ago shares of US Ecology pushed higher through a line of volume-related price resistance at the $52 price level.  The surge upward is a continuation of a move higher that began in early September 2017, along…

OLED  – Technical developments.  The frothy movement of Universal Display shares has become epic in proportion.  Last week the stock made an attempt to resume a climb higher after the stock took a tumble in the previous week.  The roller coast ride is driven…

POWL  –  Technical developments.  In mid-August 2017, shares of Powell Industries fell through a line of critical price support at the $32 price level and then another equally strong line at the $29 price level.  The stock ended up at a new 52-week low price level.  …

 

You need to login to view the rest of the content. Please . Not a Member? Join Us