StockGuru Trade Alert: China America Holdings (CAAH) Trading at a Significant Discount to Resistance Levels
Resistance Price (5day): $0.095
Resistance Price (20day): $0.115
Resistance Price (50day): $0.121
The way to read this is based on the last trade as we issue this alert, the current trading price is trading at a 26.3% discount to the five day resistance level. The discount is 39.1% of the 20 day resitance level. It is a 42.1% discount on the 50 day price.
Essentially, this is a relatively stable stock that just days ago was meaningfully higher, and on a technical basis is attractive.
Source of data: Knobias.com
View the StockGuru Profile for CAAH:
http://www.stockguru.com/profiles/caah/
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