Stock in Focus: Century Pacific Food (CNPF)

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After being in slumber for more than amonth, Century Pacific Food Inc. (stock symbol: CNPF) is showing some signs of activity.

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Philippine Stock Exchange, Century Pacific Food_CNPF Daily chart, September 4, 2014

CNPF Daily chart, September 4, 2014

Price may have carved a short-term bottom at 15.56 last August 29, and it may be ready to make another stab at the all-time high set in the early part of June. Bulls prefer not to see a serious break of 15.

The Commodity Channel Index (CCI) has shot up through the +300 level as price crushed to seller camps above 16.

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