Stock in Focus: GT Capital (GTCAP)

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GT Capital Holdings (stock symbol: GTCAP) is now knocking on the doors of the 800 resistance after buyers successfully defended the 750 area for 3 straight weeks. Price should pierce through 800 with good volume so it can rally toward its next area of contention around 850-900. Personally, I would like to see this stock revisit and re-defend the 750 area before any move higher.

The Commodity Channel Index (CCI) indicator rallied through the +100 level and is about to break back below it if price eases again.

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GTCAP Daily chart, December 20

GTCAP Daily chart, December 20

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