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.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.