Summer is approaching and the weather is getting better here in the north. The water in the lakes is still cold but it will warm up. It is a far cry from the 98% frozen-ness of the Great Lakes this winter. So it makes good sense to start thinking about spending time outside. And what better way than with a boat. A Catamaran to be precise. Fun, easy to maneuver, and can go like the wind.
Enough dreaming. Boats are great when they belong to your friends. If you want a catamaran, then consider buying Catamaran Corporation stock (NASDAQ:CTRX). The company provides pharmacy benefit management and healthcare IT services. We all know that is going to keep growing. And the price chart is heading back up. Take a look.
The price retraced to the 200 week SMA last week and saw a bounce. The other indicator on the chart support a continued move up. on the momentum side the RSI also bounced and is rising, and the MACD turned back higher and is a bout to make a bullish cross. The accumulation/distribution statistic is also heading back higher. For a long term holder a natural stop looks to be under that 200 week SMA. If that is too far for you then 40 is not a bad point.
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.