I read an article a quite a while ago: The CEO was planning and could have have left the building since I read the article. CLS is currently trading below the 200 day MA. My opinion: depending on why you are invested in this share, one should slowly considder selling. I doubt if one is going to see an 18% growth in the share price over the next 12 months.
BCO1,CLS has been in a down trend for the last 3 months or so.On the chart join the lows to show support ,and the highs to show resistance.There is also a new long term support line-join the low from 10 March 2009 with the lows of 15 March 2011 and 18 July 2011. The two support lines actually met around 18 July 2011 which made it even less likely that the price would drop below that level (also rsi and sto showed share was oversold).Keep an eye now on the long term support line.If price drops below this (around 39.40 today and rising each day)it will probably drop to the support of the recent down trend (about 39.00 and falling each day).This is what I see-others might see it differently.To quote our immortal friend Chartist;"hope this helps!"Check this out too: http://stockcharts.com/help/doku.php?id=chart_school:chart_analysis:support_and_resistan