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.
