CEC Entertainment Inc. (CEC) - FusionIQ Short Squeeze and Breakout
CEC Entertainment Inc., (CEC) which operates the Chuck E. Cheese pizza and entertainment center chain, said last week that first-quarter profit rose 3 percent, helped by higher sales at company-owned stores.  With almost 13.00 % of its' float short and a point and figure target of $69.00 on the recent breakout CEC certainly offers good potential reward.

Given the recent large price spike a pullback would probably offer a better entry level.


Comments
Tom said:

What is a "point and figure target"? Is it a chartist's assessment of upside momentum and where it points to? Is there a time frame within which such a target is likely to occur? Ay what point does the "point and figure target" breakdown?

Thanks.

Posted at April 28, 2008 7:58 PM
trademax said:

Stock Charts has a good definition of P&F; Charts

http://stockcharts.com/help/doku.php?id=support:understanding_pnf_charts

Posted at April 28, 2008 9:07 PM
Leave a comment
Name
Email Address
URL
Remember personal info?
Comments
Blog Home
RSS Feed
Categories
Barron's
Breakouts/Breakdowns
ChartWatch
Company in the News
Equity Timing Signals (Buy/Sell)
Market Data
Media
Sector Group Rankings
Short Squeeze Screen
Stock Analysis
Total Stocks Rankings
Archives
April 2008
March 2008
February 2008
January 2008
December 2007