Promising breakout for CINF

Discussion in 'Stock Market Forum' started by tradingpulsealpha, Apr 23, 2014.

  1. tradingpulsealpha

    tradingpulsealpha Active Member

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    Today CINF broke out of its range. We were following this stock and thinking that it presents a short term bullish potential with a first target between 51/52.

    Revenue is booming and Pe ratio still moderate. earning weakened in Q4 2013 within a veru strong uptrend.

    Earnings ae tomorrow after the close and we advise not to buy right before the release as the reactions to it are unpredictable.
     
  2. admin

    admin Administrator Staff Member

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    Interesting, how did this turn out?
     
  3. tradingpulsealpha

    tradingpulsealpha Active Member

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    $cinf: Earnings were disappointing and th stock drop but not enough to go the stop-loss, then rebounded nicely and today e just told subscriber to sell 2/3 with a small profit because recent action created a resistance aboce and market is bad.
     
  4. waseem59

    waseem59 Well-Known Member

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    Unbelievable, How is it possible ?
     
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