Calata Corporation (stock symbol: CAL) has seen some volatile activity since June, but this has largely fizzled out after sellers entered the market in late-June.
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CAL is now back at normal levels following a near-term top at 4.05 printed last June 24. It could be forming another round of consolidation between 3.00 and 4.00.
Long-term support is at 3.00. Resistance beyond 4.00 is located 5.00-6.00.
The Commodity Channel Index (CCI) has remained in negative territory despite the recent bullish price closes.
TP’s Advice: There is very little activity here, so you must avoid this stock.
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