After holding this stock for about three weeks, I decided to exit this stock. If I had exited the position at the first sign of weakness, it would have been a 10+% gain. I was fortunate enough to have the stock bounce back from its big drop last week. Technically speaking, this stock broke its trend and doesn’t look like a buy candidate at this time. CPHD dropped below the 20 day moving average. Fundamentally speaking, this company is loaded with potential. I won’t go into details because I exited because of technical reasons. But, I’ve seen an increase in dip buyers lately, so this might be a good buy in a couple weeks.
Labels: Featured Stocks, Finances