- CRL rose above its 12-month downtrend lines in late October. CRL had declined 60% from its September 2021 highs to its September 2022 lows. The breakout leaves a lot of upside before the next level of long-term resistance. The zoom chart shows that, since the breakout, a pattern of higher highs and higher lows is clear, The weekly chart shows that the lows of September confirmed long-term support.
RRG analysis shows that CRL has clearly moved in the Improving quadrant and is headed toward the Leading quadrant. CRL is a TOP 20 stock in this week’s TPA-RRG report (see RRG below).
Relative Rotation Graphs (RRG) – explanation video
Jeff Marcus founded Turning Point Analytics (TPA) in 2009 after 25 years on trading desks and 13 years as a head trader to provide strategic and technical research to institutional clients. Turning Point Analytics (TPA) provides a unique strategy that works as an overlay to clients’ good fundamental analysis. After 10 years of serving only large institutions, TPA now offers its research services to mid and small managers, RIA’s, and wealthy sophisticated individuals looking for a way to increase their returns and outperform their peers.
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