Tuesday, May 24, 2016 3:43:34 AM
The projected resistance line appears to correspond, when looking forward in time, with the resistance at the top of the formation. This intersection point will surely delineate a crucial battle between the bulls and the bears. Once the height of the formation in exceeded, many market participants should be hopping on board for the ride.
There are two other charts worth looking at before I announce some recent news. (I believe that charts for the most part tell you all you need to know, while I find the news valuable only for purposes of not buying into a stock that is about to reverse split, or file for bankruptcy).
The first of these would be a dynamically scaled Point and Figure chart, which printed a double top breakout on May 9, with a tentative price objective of $3.06. The reversal marker is on this chart.
Finally, we arrive at the daily chart, which shows a rather bullish breakout above a rising 200 day moving average. Note the rising 50 day average, which seems ready to cross the 200, sending another potential bullish signal out to the technical traders who look for such things. Note also the volume well exceeded half a million shares traded - which is quite respectable in these thinly traded markets that we have seen of late.
Finally, there is some news worth mentioning. Zacks Equity Research released an article entitled New Strong Buy Stocks for May 20th, in which CRNT is among 5 stocks added to the Zacks Rank #1 (Strong Buy) List. "The Zacks Consensus Estimate revision for its current year earnings was a positive 42.9% over the last 30 days," the article explains.
Recent CRNT News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/06/2024 10:10:18 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/28/2024 11:30:27 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/28/2024 10:03:32 AM
- Ceragon to Participate at Lake Street Best Ideas Growth Conference on September 12, 2024 • PR Newswire (US) • 08/28/2024 09:00:00 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/27/2024 11:49:23 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/26/2024 11:59:02 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/23/2024 10:50:50 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/22/2024 11:00:33 AM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/14/2024 10:29:46 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 08/07/2024 11:00:04 AM
- Ceragon Reports 11.5% Increase in Quarterly Revenue, GAAP EPS of $0.09 Per Share in the Second Quarter • PR Newswire (US) • 08/07/2024 11:00:00 AM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 08/06/2024 02:23:17 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/24/2024 10:01:09 AM
- Ceragon to Announce Second Quarter 2024 Financial Results and Host Investor Conference Call on August 7, 2024 • PR Newswire (US) • 07/24/2024 10:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/23/2024 11:00:05 AM
- Ceragon's New Smart Activation Key Software Gains Significant Adoption, Enabling SaaS Models and Recurring Revenue Streams • PR Newswire (US) • 07/23/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/09/2024 10:00:59 AM
- Leading American ISP Orders Siklu by Ceragon E-Band Product in Multi-Million Dollar Deal to Expand Network Coverage • PR Newswire (US) • 07/09/2024 10:00:00 AM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 06/13/2024 07:58:25 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/30/2024 08:07:48 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/30/2024 12:30:06 PM
- Ceragon Names Robert Wadsworth to its Board of Directors • PR Newswire (US) • 05/30/2024 12:30:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/28/2024 12:07:14 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/23/2024 08:08:48 PM
- Form 6-K/A - Report of foreign issuer [Rules 13a-16 and 15d-16]: [Amend] • Edgar (US Regulatory) • 05/20/2024 05:05:58 PM
FEATURED Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM
North Bay Resources Announces Mt. Vernon Gold Mine Bulk Sample, Sierra County, California • NBRI • Sep 11, 2024 9:15 AM
One World Products Issues Shareholder Update Letter • OWPC • Sep 11, 2024 7:27 AM
Kona Gold Beverage Inc. Reports $1.225 Million in Revenue and $133,000 Net Profit for the Quarter • KGKG • Sep 10, 2024 1:30 PM