Bob-
I didn't have a chance to thoroughly perform TA on these 3 stocks, but I have some ideas from the recent price action. First, it looks like CBR had a potential reversal day yesterday, with the heavy volume and close near the low. And yet it went up today. It could still face a lot of resistance around $64+. CHRZ appears to be forming a rounding top, which is a potentially dangerous formation. Its volume is drying up, and it's slowly declining. If it falls through $46, it could be headed a lot lower. TSK appears to have formed an exhaustion gap, which may indicate a possible blow-off top. It gapped higher on low volume, and it closed lower 3 days in a row, near the bottom of the trading range. I would watch it carefully.
If you're concerned, why not buy puts? If not, you could sell some shares and wait.
Todd |
