CRSP breaks $100

This stock looks to have strong support

Scanning charts as I have a compulsion to do and CRSP has been on my watchlist for awhile.

No position for now.

Interesting price action as the stock moved up and closed above $100 for the first time. This is a key psychological level.

Here is the 6 month chart.

I added lines to show the recent basing ranges that occurred in the May-June timeframe with the following range during July and August. For a price target I think it is reasonable to watch for another $30 move higher to take place.

Moving on to the 2 year weekly chart we can see the longer term price resistance that was broken on the move higher in June.

The rising up channel looks strong here too.

Keep this one on your watchlist.