Prior breakout and trade in CBL earlier in the year had failed to develop- link. In late May CBL had now shown support above the prior gap lower and holding steady above rising moving averages. In June CBL had tested…
CBL Trade 01/15/14
CBL had been trading sideways along a long term trend line from 2009. I first flagged the chart on Jan 8. After CBL had a large volume inside day on Jan 10 CBL closed above its 9vWMA on Jan 14.…