Friday, April 22, 2011

CEB, Pearl of the Pacific or Still a Pearl Covered in Oil?

Since last week, I've been observing CEB's price movement. I am thinking that it might be building support around the 76-78 price levels. Last time I checked CEB's Annual Report dated last year, I saw strong fundamentals. In fact, they're even acquiring additional airbuses to accommodate the strong demand for air travel. Recently, they released a disclosure that their number of air passengers increased by 12% for the first quarter. Perhaps this is a reason why CEB's market price has been going up lately. Will this bring investor confidence already or will the rising prices of oil still smear the iridescence of the Pearl of the Pacific? As for CEB's chart, it looks like a descending triangle, but I see potential in its oscillators (MACD has potential to cross-over, RSI has more room to go up, %K Stochastic has already passed %D Stochastic). Let's see whether this recent upward movement of CEB is for the short term only or for a trend reversal. 

Short term TP (1 day to 4 days):  82
Mid term TP (5 days to 2 weeks): 88
Long term TP (2.1 weeks to 2 months): 100












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