Sunday, June 24, 2012 6:02:50 PM
CBK - Christopher & Banks - $1.15
FUNDAMENTALS
Institutional ownership is rather high, with over 78 percent of the float held by hedge funds and institutional investors. A total of 108 such firms are invested. Major holders include Price T. Rowe, Franklin Resources, North Run Capital, Vanguard Group, and Dimension Fund Advisors. Insiders are buying, and selling, and buying. Buys outnumber sells 14 to 9 over the last 12 months.
See: http://www.nasdaq.com/symbol/cbk/institutional-holdings
VOLUME: 4.41mil shares, +1312% compared to typical daily volume over the past 6 months. High Volume alert! Typical daily volume is 312.3k shares over the past 6 months. Extreme 3 day accumulation, occurs only 5% of the time.
Time frame being considered: Longer term hold.
TECHNICALS
Here's the setup.
After forming a multi-month long downward spiral, now forming a possible rounding bottom. Let's look more closely.
Above: Static daily chart displaying the downtrend resistance line and the apparent rounding bottom.
Let's take a closer look at the targets.
Above: Static 8 month daily chart displays Nasdaq Stock Consultant's Rallybands(r), short and long targets, pivot points, moving average targets, etc.
Let's take a closer look at where resistance is with Bollinger bands, so that we know what we may anticipate.
Above: Static hourly chart displays a pincher a few days ago. Note how EMA 20 provided firm resistance during the downtrend. Just as price popped through the pincher point, it popped atop EMA 20 as well. One recent thrust through the upper band, followed by reversion to the mean. Note also that an apparent double bottom formed just prior to the price entering the pincher.
Now, let's look at some dynamic (self-updating) charts.
Above: Dynamic daily chart displays upper resistance line. Note the high volume last Friday. It looks as if it may be setting up for a breakout, however it may pull back providing a buying opportunity. If it does break out of the resistance line, waiting for a subsequent pullback outside of the line may be appropriate.
Above: Dynamic Stocharts.com daily view. Note the recent burst of volume, and the rising RSI. Chart includes an EMA envelope.
Above: Stockcharts weekly.
Above: Dynamic Renko chart, currently saying that it may be setting up to go. (No clear signal, yet).
FUNDAMENTALS
Institutional ownership is rather high, with over 78 percent of the float held by hedge funds and institutional investors. A total of 108 such firms are invested. Major holders include Price T. Rowe, Franklin Resources, North Run Capital, Vanguard Group, and Dimension Fund Advisors. Insiders are buying, and selling, and buying. Buys outnumber sells 14 to 9 over the last 12 months.
See: http://www.nasdaq.com/symbol/cbk/institutional-holdings
VOLUME: 4.41mil shares, +1312% compared to typical daily volume over the past 6 months. High Volume alert! Typical daily volume is 312.3k shares over the past 6 months. Extreme 3 day accumulation, occurs only 5% of the time.
Time frame being considered: Longer term hold.
TECHNICALS
Here's the setup.
After forming a multi-month long downward spiral, now forming a possible rounding bottom. Let's look more closely.
Above: Static daily chart displaying the downtrend resistance line and the apparent rounding bottom.
Let's take a closer look at the targets.
Above: Static 8 month daily chart displays Nasdaq Stock Consultant's Rallybands(r), short and long targets, pivot points, moving average targets, etc.
Let's take a closer look at where resistance is with Bollinger bands, so that we know what we may anticipate.
Above: Static hourly chart displays a pincher a few days ago. Note how EMA 20 provided firm resistance during the downtrend. Just as price popped through the pincher point, it popped atop EMA 20 as well. One recent thrust through the upper band, followed by reversion to the mean. Note also that an apparent double bottom formed just prior to the price entering the pincher.
Now, let's look at some dynamic (self-updating) charts.
Above: Dynamic daily chart displays upper resistance line. Note the high volume last Friday. It looks as if it may be setting up for a breakout, however it may pull back providing a buying opportunity. If it does break out of the resistance line, waiting for a subsequent pullback outside of the line may be appropriate.
Above: Dynamic Stocharts.com daily view. Note the recent burst of volume, and the rising RSI. Chart includes an EMA envelope.
Above: Stockcharts weekly.
Above: Dynamic Renko chart, currently saying that it may be setting up to go. (No clear signal, yet).
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