CCP has formed a base and trading range the last few months. Earnings have been robust though below analyst estimates last few quarters. Earnings will be out on 1st August and could be a catalyst for the stock to move higher.
Current Technical resistance is at 24.5 and stock is trading closer to the resistance range. Watch for a good result and stock could move to 32 as the next immediate level. Given the nature of the scrip you can expect a ballistic move if there are good numbers on topline/bottomline.
Current Technical resistance is at 24.5 and stock is trading closer to the resistance range. Watch for a good result and stock could move to 32 as the next immediate level. Given the nature of the scrip you can expect a ballistic move if there are good numbers on topline/bottomline.