Cogent: Another Breakout Today Signals Further Upside

2016Sep-Cogent-800x449

2016Sep-Cogent-800x449

6/9/16

  • Cogent has been in an uptrend since start of 2016

 

  • Although generally volume has not been big, there have been several opportunities to enter during the course of the year

 

  • Current stock pattern presents another long opportunity as prices can be seen consolidating in a tight range above $0.7 for the past couple of days

 

  • Today’s breakout above $0.725 on decent volume signals further upside and continuation of trend

 

  • Entry @ $0.735, Initial Target @ $0.795, Stop @ $0.7