Stock in Focus: Calata Corp. (CAL)

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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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Philippine Stock Exchange, Calata Corporation_CAL Daily chart, August 8, 2014

CAL Daily chart, August 8, 2014

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.

Do you have CAL in your portfolio? Share your thoughts below!

 

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