Warning: Use of undefined constant WPE_CLUSTER_ID - assumed 'WPE_CLUSTER_ID' (this will throw an Error in a future version of PHP) in /home/thesteadytrader/public_html/wp-content/mu-plugins/wpengine-common/plugin.php on line 14

Warning: Use of undefined constant PWP_NAME - assumed 'PWP_NAME' (this will throw an Error in a future version of PHP) in /home/thesteadytrader/public_html/wp-content/mu-plugins/wpengine-common/wpe-sec.php on line 63
Calgon Carbon (CCC) A Solid Environmental Play | The Steady Trader

CCC caught my attention two weeks ago as it broke higher out of near-term technical resistance.  Looking at the weekly chart below, we now see it making a run at breaking out of a two year consolidation/narrowing trading range pattern.  You can look at it in a pure technical/chart pattern sense or see what it really says, which is that  bidders are happy buying at higher prices.  Also note the increasing volume over the past few weeks.

I am looking at this as a bucket 3 longer-term hold and will trade around this position in bucket 2.

On the daily chart note the shorter-term  breakout above the $16 level mentioned above.

All in all, I am long and happy to add on a breakout above the narrowing trading range on the weekly chart.

Share Button