Pilobolus Equity Research: Continental (CAL 37.73) looks poised to bounce from oversold levels

Monday, March 19, 2007

Continental (CAL 37.73) looks poised to bounce from oversold levels

Rationale: CAL is exhibiting a bullish upside divergence (see chart rectangle) displayed by the upward momentum of the MACD indicator. Expect a upside price target of 39.35. Also the 60 min charts have displayed a oversold RSI which has rebounded into neutral territory.

Target: Daily 20 EMA (39.35)

Stop: 36.35

About Pilobolus Research

Seth F. Wolff
A ten year institutional market strategist formerly with IdeaGlobal & Charles Schwab (Cybertrader Corp) advising institutional clients in the equity,commodity and fixed income area, with prior roles in institutional research sales in North America. Seth has also appeared in media coverage including Dow Jones and Bloomberg. A graduate of the University of Arizona with a B.S. in Finance and continuing studies at NYU Graduate Business School, Seth has also been a member of the Market Technicians Association (MTA) since 1990.

Disclaimer: Pilobolus Equity Research obtains information from sources deemed to be reliable; however, Pilobolus Equity Research does not guarantee the accuracy of any of the information or commentary provided. Pilobolus Equity Research makes no warranties, expressed or implied, as to the fitness of the information for any purpose, or to results obtained by individuals using the information. In no event shall Pilobolus Equity Research be liable for direct, indirect, or incidental damages resulting from the use of the information. Pilobolus Equity Research shall be indemnified and held harmless from any actions, claims, proceedings, or liabilities with respect to the information and its use.

Pilobolus Equity Research

Monday, March 19, 2007

Continental (CAL 37.73) looks poised to bounce from oversold levels

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