CGI has found support at the 50 SMA and just crossed the 20 SMA. With news of CEO stepping down and that the company has signed a turn around expert, we can expect to see the gap down, on May 2nd, close in the near future.
Target $4.00 Short term.
Target $5.00 Longer swing.
Stop $2.58
CGI does have earnings scheduled for July 19th, perhaps exit before earnings.
More on CGI news https://www.wsj.com/articles/celadon-hires-turnaround-expert-1499989185?mod=yahoo_hs&yptr=yahoo
Disclaimer:
Cesar nor MTTS Trading LLC currently owns any shares of mentioned stock above. This article is strictly for informational purposes in compliance with disclosure requirements pursuant to S.E.C. statute and code.
0 Comments