CNT : Possible move to 6
March 1, 2011 Leave a comment
The last time CNT hit 5.70 was back in early November last year. The stock faces considerable resistance from 5.70 to nearer 6.00, but with support building from 5.40 or so, if flows stay strong an advance to 5.90-6.05 could well be seen over the next few days.
Consider a punt from 5.4 or so to 5.9, with a 3-4 spread stop loss.