Mmmm … missed that one.
CAJ went through a 12 month consolidation phase, and has finally broken out.
Didn't do it on high volume, so I'd be looking for it to back test the breakout at 32 cents.
Can't see it being affected by tax loss selling, but I don't know anything about CAJ.
You could apply a lot of the Minervini principles to this sort of pattern.
I'm playing around with a Ranking System so this will be my first chance to run a new stock through it.
Nice pickup. Good luck with it.
Short Term Trading Weekend Starting: 8-11 June, page-186
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