CBTSY, has been pulling back since last two weeks from about $60 range down to $15 (today's closing) without any negative news and now today was the day when negative news came out and CBTSY tanked by -14 points. Looking at the companies excellent past performance and that the main negative news is now out there and the recent pullback puts this one into an over sold suituation at his point. After market trades on CBTSY at 16:59:02 Price: 17 1/2, 300 shares traded and at 16:55:58, 1000 shares traded at Price: 20 1/2
CBTSY is way oversold and Tuesday its going to gap open above $18 and will continue its bounce to close above $20 range. |