Constant Contact, Inc. provides online marketing tools that are
designed for small businesses, associations, and non-profits primarily
in the United States. The company offers email marketing products that
allow customers to create, send, and track professional-looking email
campaigns; event marketing products, which allow customers to promote
and manage events, communicate with invitees and registrants, capture
and track registrations, and collect online payments; and social media
products, including Social Campaigns, which enable customers to reach
and engage users on Facebook to grow their fans and create social
word-of-mouth through easy-to-create offers and promotions.
Please take a look at the 1-year chart of CTCT (Constant Contact, Inc.) below with my added notations:
After declining from January until the beginning of April, CTCT
slowly worked its way higher. During the last 3 months the stock created
at clear resistance level at $30, while also forming an up-trending
level of support as well. At some point the stock had to break one of
those levels, and yesterday the stock broke support.
CTCT broke its up-trending support level. A short trade could be made
on a rally up to that level with a stop placed above the entry.
However, if the stock were to break above the $30 resistance traders
might want to look to get long on the stock instead.
The Tale of the Tape: VIPS had a level of resistance
at $160 and the stock broke that resistance. The ideal long opportunity
would be on a pullback down to or near that previous $160 level. On the
other hand, one would want to enter a short position on a break back
below that level.
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