CZR data by YCharts
(CZR - Get Report)
This is a casino-entertainment provider and the most geographically diverse U.S. casino-entertainment company. This stock is trading up 9% to $4.95 in recent trading.
Today's Range: $4.52-$5.00
52-Week Range: $4.52-$17.90
Three-Month Average Volume: 311,175
From a technical perspective, CZR is bouncing strongly to the upside here with above-average volume. This stock has been downtrending badly for the last six months, with shares plunging from $12.45 to its recent low of $4.52.
During that downtrend, shares of CZR have been consistently making lower highs and lower lows, which is bearish technical price action. That move has pushed CZR into oversold territory, since its current relative strength index reading is 33. Shares of CZR are now spiking and nearing a breakout trade. That trade will hit once CZR manages to take out some near-term overhead resistance at $5.28 with high volume.
Traders should now look for long-biased trades in CZR as long as it's trending above Thursday's low of $4.52 and once it sustains a move or close $5.28 with volume that hits near or above 311,175 shares. If that breakout triggers soon, then look for CZR to make a run at its 50-day moving average of $6.34, or at its next significant overhead resistance levels at $6.75 to $7.06.