AI
Friday, May 24, 2019 7:23:51 PM
$CPRT Mixed signals going into earnings today.
Copart is a very strong company with financial fundamentals, as earnings approach we are a little worried that the stock is starting to get tired and losing momentum. Indicators are all quite bearish and a break of trend could result in quite a sizeable correction, on the other hand positive results could aid the break above resistance and avoid the dreaded double top .
We have included on the chart 2 possible trades to cover either scenario, our bias is to the bearish side due only to the chart techinaly.
Average Analysts price target $61.44
Average Analysts recommendation Hold
Copart is a very strong company with financial fundamentals, as earnings approach we are a little worried that the stock is starting to get tired and losing momentum. Indicators are all quite bearish and a break of trend could result in quite a sizeable correction, on the other hand positive results could aid the break above resistance and avoid the dreaded double top .
We have included on the chart 2 possible trades to cover either scenario, our bias is to the bearish side due only to the chart techinaly.
Average Analysts price target $61.44
Average Analysts recommendation Hold
Official InvestorsHub (IHUB) Profile for TopMarketGainers.com. Since 2009,
we are the #1 Source For #FREE Winning #NASDAQ & #NYSE-Listed Alerts!
IHUB Board: https://investorshub.advfn.com/Chart-Analysis-TopMarketGainerscom-36847/
