TRENDFINDERS- Scanning Board for Charts and Stocks

[Blind Bus Driver]

CRGO just started a new trend today. Still very cheap.

The PPS was up 100% earlier this AM on massive volume.

Up until recently they were under the threat of foreclosure by one of their CD holders. So this week, they had to sell off a couple of their less profitable asset divisions.

As a result they shed themselves of $4.5 million of low-quality debt. This seems to have lifted a "ton" of weight from around their corporate neck. That in turn, ignited (what appears to be) a short covering rally at today's opening.

CRGO provides a Logistics Service which works against the problem of higher fuel prices that shippers and consummers of cargo are facing. So it looks like the action this week has positioned them well for profits to come in the next few months.

Just check out the positive CMF on this stock and you will see that it is being accumulated for a while now. I am betting there is a lot more goodness coming forth on this one, especially if fuel prices stay high.

http://stockcharts.com/h-sc/ui?s=CRGO&p=D&yr=0&mn=3&dy=0&id=p20473833852

Don't make me come back here and tell you "I told you so".

bbd