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Strategies & Market Trends : CXI-Commodore Environmental

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To: Charger who wrote (432)2/9/1998 8:40:00 PM
From: Andrew Furst  Read Replies (1) of 1755
 
CXOT (87% owned by CXI) was up nearly 24% today, following the news of a second Baltimore Harbor contract. This obviously should be positive for CXI, once investors figure out the CXI/CXOT relationship.

I don't much follow technical analysis, but I believe CXI is making a very bullish "cup and handle" formation, with the "up" part of the handle taking form at the moment. Anyone have an interpretation of the chart?
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