Invested Central is an information resource about trading in the stock market. We’re a comprehensive source of in-depth trading and investing technical analysis.Invested Central is an information resource about trading in the stock market. We’re a comprehensive source of in-depth trading and investing technical analysis.
HomeAbout InvestedMembershipContact UsMember Login
 Get to Know Tom Bowley

Tom Bowley

Invested Central Chief Market Strategist and contributor Tom Bowley has taught thousands of traders around the world how to analyze the markets and make money trading. Learn more about Tom's philosophy on trading.

 Member Resources
Member Home Page
Tom Bowley's Market Chatter
Chart Of The Day Archives
Market Updates
Submit Your Stock Questions
Member Chat Room
Chat Recordings
Diamond Stocks
Member Videos
Video Archives
Earnings Calendar
 marketPULSE Newsletter
Market Snapshot
Tom's Weekly Outlook
Index Charts
Sector & Industry Charts
Stock Setups
 Invested Central Blogs
Tom Bowley
John Hopkins
Eva Zaleski
Christopher Wallace

ChartWatchers Blog
Don't Ignore This Chart
The Canadian Technician
The Traders Journal
Yahoo! Finance Tech Ticker

 Chart of the Day

Read Tom Bowley's Trading Strategies!

 Connect with Us

Find us on Facebook Follow us on Twitter Watch our Videos on YouTube Connect with us on Linkedin

Home | Christopher Wallace | CVD Equipment: Longer Term Upt . . .

CVD Equipment: Longer Term Uptrend and Breakout Above Resistance

Christopher Wallace - February 05, 2014

CVD Equipment (CVV) is a small cap manufacturer of specialty equipment used to manufacture solar, nano materials, advanced electronic components and coatings for research and industrial applications. Their equipment utilizes a Chemical Vapor Deposition process and they have been in business since 1982.

CVV recently issued a press release announcing substantial new orders which should lead to powerful revenue increases during 2014. The company is profitable with improving sales and earnings. They are also involved the exciting new technology of manufacturing graphene, which is capturing a lot of investor attention. The technical picture is very positive for the stock.

After bottoming in July of 2013, CVV rose dramatically and has established the longer term trend line as shown in the solid blue line. Those early gains have consolidated in $12.50 - $14.50 area for the past three months. Notwithstanding that consolidation, On-Balance Volume has continued to rise. Recently, with the press release of the substantial new orders, the stock has broken above near term resistance and now looks poised to continue the sharp up-trend began last summer. The stock is both fundamentally and technically attractive here, and offers good upside to aggressive traders who can tolerate the inherent volatility this small cap stock has exhibited. I am looking for it to surpass its previous high at $20, established in 2011.