Simple Trading Stalk Candidate CALM As of 27 July 2015

CALM W 27 July 2015

Current Trend (W): Up

Abv/Below Value Zone: Above

Next Scheduled Report Date: Just reported 20 July 2015

52 Week High: $60.72

52 Week Low: $34.03

Current Relevant Resistance: $56.00

Current Relevant Support: $47.62

Recent Close: $54.58

Comment: One of my favorite tactics is to look at well structured names that are up on down days.  So I headed over to my handy dandy TrInvesting Index… CALM fits the bill.  The Weekly shows price is positioned well above the Value Zone and preparing to resume the uptrend.  The Daily suggests we are completing a pullback from strongly bullish action several weeks ago.

CALM D 27 July 2015

The stock looks good for long signals.  Immediate longs should use the $51.00 area for stop placement.

KIS,

The Trader

 

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