CEU does not have the strongest screen score, as it's only a 0/3. It scores 89% on the Momentum screen, 85% on the Motley Fool screen, 77% on the Martin Zweig screen, and 74% on the Peter Lynch screen.
CEU, as far as I know, does not pay a dividend, nor is it optionable. I also have no idea when it will next report earnings, but they last reported in mid November, so mid February is a reasonable guess.
The main reason I'm looking at this stock is the chart. The chart is a thing of beauty. Wednesday was a textbook breakout to all-time highs with heavy volume. Today's volume wasn't quite as heavy as yesterday's, but that's ok. It's not often I find a stock with such strong screen interest at all-time highs. Furthermore, this stock has been building a base for the past six months between $4.50-$5 and $6.50. This stock's breakout was only a matter of time. It's hard to pick a stock that's up ~15% on the week, but I think this one's too potent to pass up.
It's a bit extended to be buying heavily, but I'm looking to take a starter long in CEU around current levels, but ideally a bit closer to the breakout level around $6.60. That's nearly 10% lower than present levels, so the way into this stock is to start small. I wouldn't give it much room below that level, though. If it fails to hold there, it's going to drop back into congestion and isn't ready to power higher quite yet.
Position: none
Disclaimer: This is not a recommendation and is presented for informational purposes only.
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