It is a strong signal when the volatility goes up or down
signaling either weakness or strength
In the last 3 months CZR had three volatility crossings
above the ma(13), the previous two failed to breach support. Even though CZR
closed down today, it was above its open. The SPY went 1.60% down, CZR close
-0.74% today, so is safe to say at least today that CZR has some relative strength
over the market.
CZR was today in a fair level to initiate a short with the
stop loss above resistance around 13.85.
CZR is set to report earnings around mid-february, so
excepting some price move news, the stock will be trading in tandem with the
market for at least the next two weeks.
This end of day P&F chart is kind of bullish.
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