Catamaran Corporation (CCT.TO) or CTRX is testing the all time highs. After spending almost three years working sideways, Catamaran (CCT.TO) appears to be breaking out.
Here is the zoomed in view.
This is a beautiful consolidation pattern. The highest weekly close was $60.51 in 2013. With the SCTR moving above 75 in October for the first time in over a year, the landscape appears to be changing and this looks set to run.
After this tremendous 7 year run into 2012, this 3 year consolidation is welcomed. Watching the stock come out the top side after this period is usually very timely. An interesting stock for sure.
Here is the US listing. CTRX has been making higher highs and higher lows since the April earnings. While the breakout is not as close in US Dollars, it is still very close to 52 week highs and an SCTR ranking of over 80% in the mid cap space.
Do your own research but this looks interesting here.
Good trading,
Greg Schnell, CMT
