May
8
CSAR: Caraustar Industries
May 8, 2008 | Leave a Comment
CSAR is looking like it may have finally finished building a base and is about to start climbing back upward.
RSI and MACD have been trending upwards since mid March creating positive divergence until about April 28th.
I think the chart looks pretty good and we have some minor resistance around $1.73.
Buy now @ $1.66, when the price busts through $1.73 ride it up through $1.75, $1.90, and beyond. On any weakness or news i would sell this.
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