CARRIER ACCESS (CACS)

[Kirk]

CACS Bull Flag

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I think this shows it well:



Note the declining volume then the volume spike on the breakout.

After selling some at $16, I last bought shares at $9.50 and yesterday took profits at $12.51 to lock in a nice gain on the $9.50 shares. Other buys since the sell at $16 are also in the green, but I just wanted to lock in the gain from the $9.50 buy so I can buy them back should we correct yet again (say if this bullish breakout fails. TA often fails....)

Flag, Pennant (Continuation)
http://stockcharts.com/education/ChartAnalysis/flagPennant.html
Flags and Pennants are short-term continuation patterns that mark a small consolidation before the previous move resumes. These patterns are usually preceded by a sharp advance or decline with heavy volume, and mark a mid-point of the move.

Disclosure: I am long this stock with a "break-even" of 87¢ in my personal account and well into 6 figures of profits at the current price. I may buy and sell this stock without mentioning it beforehand (or even afterwards) so don't base your own buying and selling on what I say here. The information contained here is not intended to constitute financial advice, and is not a recommendation or solicitation to buy, sell or hold any security. This post is strictly informational and educational and is not to be construed as any kind of financial advice, investment advice or legal advice.