Sunday 17 July 2011

Caribou Coffee Company (CBOU)

CBOU looks to be a buy as the stock broke out of its trading range in mid June on high volume. It made a pullback to the $13 region. This could be the next monster stock for all we know. If you are an avid fan of William J O'Neil's CANSLIM method, you will find this particular setup to your liking! Stuck in a range for most of the year, and then suddenly bang, the stock made a move up on high volume. Swing traders would also have taken note of this setup by now by buying this pullback.


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