bull trade occurring with tech development on certain chip development, recent studies insuring the markets favour towards a break through
CLB trade ideas
Core Laboratories massive run up after price calloutReally loving how this played off my last update, going to keep watching, however I locked in profits at this level i continued about 25% of the position// I AM NOT a financial advisor nor am i suggesting to anyone that they take any action this is for entertainment purposes only//
My prediction is that it gets beat down off this fibonacci zone and then makes another run up in the future.
CLB Currently owned at 93% of all outstanding shares by institutional investors and 1.1% of insider investors own shares.
Gross revenue: 668 Million
Price/Sales: 1.93
Net income: +101.98 Million
Earnings per share: $1.79
Price/Earnings: 15.54
Net Margins: -19
% Return on equity: 45
% Return on assets: 6.74
% volatility compared to S&P 500: 238
CLB - Possible 30% BreakoutCLB has been running into strong resistance at around the $36.30 level since mid-Jan. However, there is darn near zero historical resistance between that and the $47.30 level, and decent reason to believe the current resistance will be broken in the coming weeks.
For the past couple of weeks, prices have been moving into a momentum squeeze, indicating a break one way or the other; a simultaneous Bollinger squeeze suggests that break will indeed be upward. These indicators conspire well with a distinct upward wedge formation, converging approximately at the same time the previous price channel crosses above the $47.50 target
Core Laboratories N.V. is a service provider of core and fluid analysis in the petroleum industry.
