Heyer Capital, LLC

investment management and timely advice from a local CPA (Fox Valley, Wisc.)

CMP Compass Minerals

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You wouldn’t think there’d be that much money in selling salt, but Compass Minerals is making a go of it.  (Demand for their potash helps too.) 

CMP cleared a double bottom base (with a handle) at Point A on heavy volume Point B.  Note along the ellipses how it glides along 9 and 21 day moving averages, which I think are good signs of buying support.  It now appears to be carving a cup with handle base, with a possible buy point at Point C, ten cents above its high in the handle.

Note that we’re in a market correction now, during which prudence dictates great caution in committing capital,  no matter how beautiful that chart. 

 

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Written by heyercapital

May 28, 2008 at 7:58 am

Posted in Uncategorized

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