EBR is a little bit of a concern because the RSI has moved into overbought territory. That alone is not the clincher but I guess I'm always looking for reasons NOT to buy a stock.
I think there's another day of growth in it maybe two because the Bollinger bands have not widened as much as they when flattening is imminent.
It's actually a pretty good looking chart from a longer term perspective because it has broken well above its 30 week MA and shows all the signs of a healthy and lengthy stage 2 advance.
As far as CPN goes that one is easy. It's way way overbought and is overdue for a correction on a short term basis. From a longer term I'd want to see it move further away from the 30 week MA before I saw it as confirmation of a Stage 2. Short term I'd sell and then when the pull back happened I'd see how close it was closing to the 30 week MA, then maybe buy back in.
