Century Properties Group (stock symbol: CPG) posted a weak bounce after reaching a 1.32 low last December 27. From a high of 1.44 last Tuesday, this stock is now trading back in the 1.30s. There is no clear indication yet on where it wants to go in the near-term.
The Commodity Channel Index (CCI) remains submerged in the negative territory, although it is now closing in on the zero level. Will it rise along with price?
The 29-month low set on Aug.28 is at 1.08. This is very close to the 1.00 major psychological level. CPG could consolidate or range between the major levels at 1.00 and 2.00, so try to time your entries well.
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