Technical Summary: First time we have ever taken a look at the chart of CAV. It is fair to say that for most of the last 5 years the stock has been an underperformer. Once trading at nearly $2 per share its now at $0.65 after getting as low as $0.30 per share. The one year chart however shows quite a nice uptrend. The first thing to think about when looking at the one year chart is the patchy nature of the price action. This
confirms that there is not much liquidity available. This indicates that it might be more suitable for people looking to invest as opposed to trade the stock. As it could be difficult to get out of in a hurry. The stock is currently consolidating a recent gap higher in a 3 month trading base. Investors should wait for the sellers to disappear before looking to initiate a position.
