EARNINGS: Announced 4-21-08
STATUS: Test breakout. Ready to make another play on CX as it makes a nice test back to tap the 10 day EMA on the Friday low (30.35) and then rebounding to cut its losses. Nice surge off the consolidation above the 200 day SMA, setting up a new break higher as CX continues moving higher and forming up the right side of the 12 month base. Nice action and ready to move in as this pullback turns into the next bounce higher. Very nice.
Volume: 3.184M Avg Volume: 5.404M
BUY POINT: $31.38 Volume=7.5M Target=$37.89 Stop=$30.12
POSITION: CIZ JF - Oct. $30c (56 delta) &
$30.92 (05/25/08)
