CCI set up Thursday when it traded above 10.60 @ 10.66. It traded as high as 10.75 not yet reaching our first target of 10.76 to 10.88 resulting in profits of up to + 9 cents per share.
Traders holding overnight into Friday were advised to keep your stops just below 10.48 to reduce risk and the stock traded as high as 10.82 reaching our first target of 10.76 to 10.88 (always sell at least 1/2 of your shares once your risk is covered, then move your stop to your entrance price to lock in gains) resulting in profits of up to + 16 cents per share.
Traders holding overnight into Tuesday were advised to keep your stops just below 10.66 to lock in gains and the stock traded as high as 10.95 resulting in profits of up to + 29 cents per share.
Traders holding overnight into Wednesday were advised to keep your stops just below 10.65 to lock in gains and the stock traded as high as 10.97.
Traders holding overnight into Thursday were advised to keep your stops just below 10.80 to lock in gains and the stock traded as high as 11.05 resulting in profits of up to + 39 cents per share.
Traders holding overnight into Friday were advised to keep your stops just below 10.94 to lock in gains and the stock hit this stop, closing the trade for profits of up to + 39 cents per share.
Final Chart showing the six day trade:
