Time to Buy a Catamaran

• Posted by Greg Harmon
• on May 20th, 2014

Summer is approaching and the weather is getting better here in the north. The water in the lakes is still cold but it will warm up. It is a far cry from the 98% frozen-ness of the Great Lakes this winter. So it makes good sense to start thinking about spending time outside. And what better way than with a boat. A Catamaran to be precise. Fun, easy to maneuver, and can go like the wind.

Enough dreaming. Boats are great when they belong to your friends. If you want a catamaran, then consider buying Catamaran Corporation stock, $CTRX. The company provides pharmacy benefit management and healthcare IT services. We all know that is going to keep growing. And the price chart is heading back up. Take a look.

The price retraced to the 200 week SMA last week and saw a bounce. The other indicator on the chart support a continued move up. on the momentum side the RSI also bounced and is rising, and the MACD turned back higher and is a bout to make a bullish cross. The accumulation/distribution statistic is also heading back higher. For a long term holder a natural stop looks to be under that 200 week SMA. If that is too far for you then 40 is not a bad point.

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