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CCMP: The stock has run from 36.6 to

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lee kramer  Grandfathered Member Tuesday, 08/20/02 07:10:26 AM
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CCMP: The stock has run from 36.6 to 49.97, a 36% move. This is a very nice chart, but at this price it is well above the rising 10/20 moving average: an indication that the stock is "overbought," i.e., that buyers have rcently run amok. CCMP appears to be a short today, espcially if it opens higher. I'd rate the probability of a short profit at 70%, not a bad "edge." Just a day-trade and a day's pay.



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