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Chicago Bridge (CBI) Watch but be ready to buy at 35

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I really think this stock has been overly pounded. It's now at 33. It has a resistance level at 34.86 so I'd buy if it could get to 35.

Right now this stock would be on my watch list. Although today all the technical indicators are negative; many of them are weakening and most of the holds are rising. At 35 it will be trading at it's 20 day moving average and that could be a buy signal.

Monday July 28, 2008 : 07:59 PM

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