Long $CBI 1.5x risk/reward

7 בדצמ׳ 2015

CBI just completed a gap-fill. Today shares declined approximately 4% on below average volume. We view this activity as a setup for consolidation and upward price action. To the downside we are assigning a stop just below $36, for upside we are setting a $43.50 target. We recommend investors scale into their positions around $39.

Good luck to all.