[CANSLIM] Implications and meaning of long-term resistance --> CAH

From: "Krueger, Kevin" <Kevin.Krueger@cardinal.com>
Subject: [CANSLIM] Implications and meaning of long-term resistance --> CAH
Date: Thu, 24 Jul 2003 16:43:19 -0500

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Can anyone help explain what is happening from a technical perspective =
with Cardinal Health (CAH).=20

In the 12-month time frame, there may be a cwh forming. In the 36-month =
time frame, you can draw a horizontal line around $69  where there seems =
to be historic and somewhat consistent price resistance. If a cwh formed =
(seen in the 12-month time frame) and a subsequent breakout occurred at =
a pp of 68.06, do you think that there is higher likelihood of pullback =
because of the long-term resistance? Should that information be =
considered in evaluating the probability of success of the breakout?

Thanks,
Kevin

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