3 years ago

CAJ short term oversold

CAJ has been a favourite for some time.
A study of the past trend action shows the stock is capable of significant retracements in the Primary UP trend.
These retracements can be up 30% off the high price before a low is found.
This company has a very aggressive agenda in nuclear imaging within the health care industry, using MRI and X Ray.
Without trying to catch a falling knife, this stock ABC down move is oversold and should be monitored for an entry into the trend recovery.
The Weekly chart shows volume spike at preceding each leg up in the Trend.