A Foursquare Trade in Cubic Corp.
by Sam Collins 02/10/09
Cubic Corp. (CUB) -- This defense electronics and transportation fare collection systems maker fell from more than $50 in 2007 to less than $18 last year.
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But since the October low, CUB has established a chart pattern that is close to perfect with a clear cup-and-handle formation, a gold cross (where the 50-day moving average crosses through the 200-day moving average), a strong buy signal from the stochastic, and a string of positive signals from our own internal indicator, the Collins-Bollinger Reversal (CBR).
The target for CUB is $42.
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Sam Collins is a registered, fee-based portfolio manager who may be contacted samailc@cox.net. You can also check out an archive of some of his most recent market outlooks by clicking here.
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