Long
Celadon Group Continuation Pattern Play
Celadon Group did a Resurrection Cross of the 50 day moving average crossing above the 200 day moving average back in early January 2015.
The stock has since formed a continuation pattern of a serious of higher highs, and higher lows, off the 50 day moving average.
The bet is that this pattern will continue.
The company has had excellent EPS forecast hikes over the last 90 days and revenue has really picked up.
Source: guerillastocktrading.com/stocks/celadon-group-stock-continuation-pattern-play/
The stock has since formed a continuation pattern of a serious of higher highs, and higher lows, off the 50 day moving average.
The bet is that this pattern will continue.
The company has had excellent EPS forecast hikes over the last 90 days and revenue has really picked up.
Source: guerillastocktrading.com/stocks/celadon-group-stock-continuation-pattern-play/
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