CCMP .. "...CCMP should head back down target 47.50 (had a nice morning run but hit a wall at the 200 period moving average) hit as low as 47.67" This is not a cheap stock and has been a favorite for years before anyone even heard of it but only for intraday, its just too expensive to take home.
CCMP will test again at 48.27 where it could crash & burn again. A successful test of 48.50 might lead to retest of 49, which I am not crossing my fingers and not trading this now.
I would not be completely empty in CCMP short shares. Should blow down again (here its a matter of risk tolerance). We might see a CCMP rally by 3:00 or 3:30)
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