Crown Holdings (CCK) - Trade Stocks

Crown Holdings (CCK)

By Tue, Oct 13, 2020

Hey there,

Today’s Chart of the Week is one you may not be familiar with, but offers a tantalizing opportunity.

Crown Holdings (CCK) came from our proprietary Under the Hood Trade Scanner, indicating significantly increased investor interest.

More importantly, the stock is making consistent new highs and presents an ideal risk to reward ratio.

We are long if CCK is above (and only if it’s above) $80.

We’re looking at a price target of $103, presenting a 29% return with almost non-existent risk.

Til next week, good trading,

JC Parets


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About the Author

JC Parets, founder of All Star Charts, specializes in finding the most opportunistic risk vs. reward propositions while at the same time bringing a top/down approach to the marketplace whose wide spectrum is rivaled by few. JC begins with a long-term global macro perspective and then works his way down to the individual sector and industry level before ultimately isolating the stocks that best portray a particular thesis. Price is the most important technical indicator, but JC uses supplements such as Momentum, Relative Strength, and Fibonacci analysis to complete the process.