CARBO Ceramics Major Reversal: Bottom Likely In

CARBO Ceramics Inc. (NYSE:CRR) dropped sharply today before having a mega reversal. The stock hit a low of $47.01 before reversing the sharp losses and going positive. It just hit a high of $53.96. This is a major reversal and comes after hitting a new 52 week low. When a stock reverses off major losses at a 52 week low, it is often a signal of a major bottom. Heads up to traders and investors looking for a potential long opportunity.

Gareth Soloway
InTheMoneyStocks.com