Stock Chart Analysis CQB

Posted by downtowntrader | 8/28/2007 11:22:00 PM | 0 comments »

Stock Chart Analysis CQB

Chiquita Brands International, Inc. (Public, NYSE:CQB)

While CQB may of capitulated on the huge drop in early August, it is fairly common for to go back and retest a capitulation low. In fact, several times the stock makes a lower low, on lighter volume. CQB has been bouncing off that low and coiling in a consolidation pattern. If it ends up falling out of this pattern highlighted below, then things could unravel quickly.

Good Trading,


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