This post is information of a general nature for those with an interest in technical analysis. Do not rely on it for investment purposes without obtaining qualified professional investment advice. The writer currently has no CCV shares.
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- Recent (2013) trading range from high of $1.57 late March, to low of 75 cents early December.
- Rebound from this low in 2014 to 50% Fibonacci level at $1.15 currently.
- 3 month uptrend emerged early May following cross-overs of MMAs at about $1.
- Momentum increasing with divergence of upwardly directed short-term moving averages, and commencing divergence of the flatter medium-term averages.
Key FA metrics
- P/E ratio is 12.87
- Dividend yield is 3.7% FF with 51% pay-out ratio
- Debt/Equity ratio is a conservative 29.3%
- Return on Equity (ROE) is 13.6%
It is likely to stay a steady and not a spectacular stock.
Entry could be considered between $1.10 and $1.15 for a long position to exploit the present early trend.
An early target could be the 61.8% Fibonacci level at $1.25, and a long-term target the $1.57 high.
A stop/loss position could be set at $1.
It is a stock likely to be a good conservative choice for medium to long-term investors