Commercial Metals Dual Breakout

By | March 30, 2015

Commercial Metals (CMC) shares broke above a six month downtrend line last week, and today are taking out rim line resistance of a large cup and handle formation and their 200 day moving average. The price and money flow momentum indicators are all in positive territory and tracking higher, and the pattern projects a target in the $19.00 area.

3330.CMCchart

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