New Year opens in the green. CEFL breaks out its box and its .12 cents from my target area of $17.00-$17.20 zone. Interestingly RSI is just about to pass into the 70+ zone (overbought).
It’s even more interesting that my next target is overhead resistance zone and same area where we become overbought.
The day still young….the market often opens in the green only to give up the gain as day wears on. The close of the day is much more telling then the open.
All moving averages are in proper numerical alignment 5,10,20,50,200. All indicators and in alignment as well. Nothing to do but wait, watch and collect coupon payments.
Up $840 price application on year. Ex-div date to collect next coupon payment is 01/10/17.