|Date||Last 3 Daily Candle Patterns||Strength|
|30-Oct-2015||Bullish Doji Star||103|
|27-Oct-2015||Bullish Doji Star||83|
The setup for Carbo Ceramics Inc. (CRR) makes it an interesting stock to watch for the next couple of weeks. The daily chart of CRR above shows a Bullish Doji Star candlestick pattern appearing after downward price pressure since mid-June 2015. CRR is down about 55 percent year to date. Nearly half the shares are held short indicating strong conviction by the shorts that the shares may continue to slide. With that many shares held short it also provides for the possibility of a strong short cover rally. Short term target (within the next 10 trading days) is $19 (up more than 8% from the close on 10/30) based on the following technical factors...
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