What to Look For and What to Look Out For: Look for the stock to offer investors a chance to accumulate shares within 5% of its prior chart highs. Keep in mind that much of a stock's success depends on the broader market's ability to sustain a meaningful rally without encountering more damaging distributional pressure. It is very important for the stock's pullback to be contained, whereas a violation of its $38.50 pivot point would have the effect of technically negating its latest breakout, raising concerns. Conversely, if the stock finds support near/above its pivot point then begins advancing again, preferably on higher volume, then odds would favor that higher prices will follow.

Technical Analysis: It had rallied on average volume to a new 52-week high when featured in the March 2010 issue of CANSLIM.net News (read here), however it failed to immediately follow through with confirming gains above its pivot point with sufficient volume to trigger a technical buy signal.  Meanwhile, the broader market action (M criteria) turned definitively more bullish with a follow-through-day (FTD) and an increase in the number of stocks making it to Breakouts Page. CTRP went on to consolidate above its 50-day moving average (DMA) line. Its latest appearance in the Featured Stock Update section on 3/18/10 under the headline " Recent Offering And Split Increased Supply of Shares" an annotated graph included the reminder "it is important to remain disciplined. It could be accumulated under the investment system guidelines only if a proper technical buy signal occurs. The stock did not trigger a technical buy signal and only encountered resistance since the "double bottom" type base was identified."  There is no overhead supply now to act as resistance.  Ideally, one would like to see significant volume show up and a strong close to confirm a proper technical buy signal based upon a solid gain above its new pivot point illustrated above.