COT - Nyse. Cott Corp. There’s a number of ways to make money in the stock market. One is to buy cheap and sell dear. If you’re going to buy cheap, make sure your stock has formed some sort of a bottom and is beginning to turn around, preferably attempting to break resistance of at least a few months. Volume and on-balance volume must be rising to show that the buying pressure has resumed.
COT would fit such a category. Here we have a stock that’s been sold off from around $33 four years ago to below $2 after the final smash in late Feb 08. Since March this year, we’ve had a large change in volume and OBV has been rising ever since. A nice medium term resistance has also emerged. A breakout of this resistance could interest traders looking to take profit around the 5.50 level.
COT would fit such a category. Here we have a stock that’s been sold off from around $33 four years ago to below $2 after the final smash in late Feb 08. Since March this year, we’ve had a large change in volume and OBV has been rising ever since. A nice medium term resistance has also emerged. A breakout of this resistance could interest traders looking to take profit around the 5.50 level.
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