By Jeff Pierce

Per Yahoo Finance:

Cosan Limited engages in the energy, food, logistics, infrastructure, and farmland development and management businesses primarily in Brazil, Europe, Latin America, the Middle East, Asia, and North America.

CZZ has had a really strong 2 months and this pullback is much needed. I think a great entry would be in the $18.80-19.20 level. A lot of traders want it to pull back all the way below the breakout as they feel this decreases their risk, but often times strong stocks just don’t pull back that much.

Another indicator to watch is the RSI. When it trades down to 40 that could coincide with a short term bottom. So to recap: either the low range of my price, 18.80 or when the RSI hits 40-42.

czz


One Response to “Stock In Focus: CZZ”

Leave a Reply

You must be logged in to post a comment.