Copart, Inc. ( $CPRT ) – stock is trading under 100 dollars and offering a possible buying price between $79.76 – $83.75. Let’s look at the stocks technical actions using a weekly chart.
2. The stock brokeout in the end of February from a deep correction.
3. The stock went into a consolidation, right away.
4. The stock staged another breakout.
5. But, it went into quickly consolidation mode, agin.
6. The stock staged another breakout.
7. But, this time it staged a nice rally and posted decent gains.
8. The stock appeared to be completed a consolidation, now.
9. The stock also found support at the 50 day moving average line during the course of the upward move.
10. The stock is offering possible buying price between $79.76 – $83.75, with a stop loss at $73.38.
This stock is already part of our Stocks under 100 Dollars pick and performance will be tracked here.
