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A CAE flight simulator at the Lufthansa Flight Training (LFT) centre in Berlin, November 1, 2012. (THOMAS PETER/REUTERS)
A CAE flight simulator at the Lufthansa Flight Training (LFT) centre in Berlin, November 1, 2012. (THOMAS PETER/REUTERS)

What the Charts Say

Bullish on CAE Inc. Add to ...

CAE Inc. declined from $13.36 to $9.03 and then stayed in a horizontal trading range mostly between $9.50 and $11.25 for about two years (dashed lines). The recent rise above the top of this range (D) confirmed the breakout and the start of a new up-leg. The sharp move from $10.24 to $12.02 (C-D) produced an over-bought condition and was followed by a minor pullback to provide a better entry level (E). Only a decline below about $10.50 would be negative.

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Point & Figure measurements provide targets of $13 and $15.

Monica Rizk is the senior technical analyst for Phases & Cycles Inc. (www.phases-cycles.com). Ron Meisels is a contributor to the www.NA-marketletter.com website and Tweets at @Ronsbriefs. They may hold shares in companies profiled. Please see the site for a glossary.

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Security Price Change
CAE-T CAE Inc. 14.20 0.03
0.212 %
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