JamesTaulman
Oct 16, 5:19 AM
$CNNE — Breaks Above
$16 With Strong Volume — BUY SIGNAL
10:56 PM – I started a 1/3 position in this Finance-Investment
Management company, which was first introduced on our TrendLine BreakOuts Watch List just a couple of days ago.
Today, shares broke out above
$16 with volume running 42% above average. That combination of a breakout above resistance and increased volume is what I consider a clear technical BUY SIGNAL.
This also comes alongside today’s bullish action in the broader market, where I’m finally seeing some meaningful volume return and several of the types of stocks we favor making strong moves. These are encouraging developments that I haven’t seen much of recently.
https://buyingbreakouts.com/thu-10-15-cnne-breaks-above-16-with-strong-volume-buy-signal/
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