Good upward potential If this stock maintains its long term trend channel
CRS has a lot of upside with gaps to fill. Price action suggests new local highs can be made.
Chart looks like a bullush trend; Tenkan crossing up through Kijun (but below the cloud); Chikou is above the cloud but close to price action - possible consolidation; Bars have broken out above the cloud, but a 3 bar pattern has not yet been established...2 of the bars dipped back into the cloud restarting the count
I have recently published a series of bullish articles about-XME. CRS-is one of the components of-XME. The strength of this chart speaks for itself - It is one of the metals stocks which is contributing to the strength in-XME. XME-is the-SPDR S&P-Metals and Mining ETF-which offers broad exposure to industrial-and precious metals and mining, with a strong emphasis...
Strong overhead resistance has formed from the down-trending channel that begun in August 2014. There is also a fib retracement level @ 41.38 which the price has also recently respected, giving weight to its significance. The RSI has also topped out at a level consistent with the previous high made in late February 2015. Volume is falling as buying interest wanes...