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Jeff Pierce
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I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in... More
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  • Stock In Focus: CZZ 0 comments
    Feb 14, 2013 8:50 PM | about stocks: CZZ

    By Jeff Pierce

    Per Yahoo Finance:

    Cosan Limited engages in the energy, food, logistics, infrastructure, and farmland development and management businesses primarily in Brazil, Europe, Latin America, the Middle East, Asia, and North America.

    CZZ has had a really strong 2 months and this pullback is much needed. I think a great entry would be in the $18.80-19.20 level. A lot of traders want it to pull back all the way below the breakout as they feel this decreases their risk, but often times strong stocks just don't pull back that much.

    Another indicator to watch is the RSI. When it trades down to 40 that could coincide with a short term bottom. So to recap: either the low range of my price, 18.80 or when the RSI hits 40-42.


    Stocks: CZZ
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