Monday, March 26, 2007

Move CECO TS to $14

CECO's trailing stop is $13.31 and the stock dipped down into the $14 range in today's trading... Let's raise our trailing stop to $14 to protect our profits here, as it looks like CECO's long, strong run could be weakening with the volatility in the markets.

The stock is just dipping down to its 50-day moving average and is still trading well above its 200-day MA as I write, so it could find some support here especially once the market absorbs this latest - but not surprising - bad news from the housing sector.

ACTION: Move CECO's TS to $14 to protect our profits

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