Wednesday, December 13, 2006

COO Analysis for 12.13.2006

Monthly chart shows current support to be at the $41.85 area. This area of support needs to hold for further upside.

Price currently trading below all major averages.

Management cut forecast, causing panic selling, with a gap down at the open to prior support area.Buyers began stepping in early, taking price to close near the highs for the day. For the remainder of the week, look for signs of continuation higher, or further weakness in price.

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