CARBO Ceramics Buy Signal: See It Here

CARBO Ceramics Inc. (NYSE:CRR) has been hammered from the $156.00 level down to a recent low of $47.01. This insane drop has happened in a span of 6 months. CARBO Ceramics is currently trading at $53.95. A buy signal is just about to trigger and should be watched. Please note the daily chart below. Monitor the daily 20 moving average. Notice how price on CARBO Ceramics Inc. has not been able to close the day above the 20 moving average on many attempts in the last few weeks. Today it appears to have a decent shot. Should it close above the 20 moving average, a buy signal will be triggered. CARBO Ceramics Inc. could easily pop back to $60+ in the coming weeks.

Gareth Soloway
Chief Market Strategist
www.InTheMoneyStocks.com