Cedar Fair (FUN): Typical range-bound stock
Cedar Fair is trading in a range between approximately 49.50 and 52.50. The stock is at the tail end of a two week down move and is currently trading at 50. The MACD histogram is beginning to trend higher and the stock seems poised for a move to the 51.30 area at the very least. A reaction move higher seems due (worst case scenario) and there is also a possibility that the stock goes back to the top of the range (52.5).
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Legal Disclaimer
The value of investments may go down as well as up and you may not get back your original investment. Past performance is not necessarily a guide to future performance. This information is suitable for institutional and other accredited investors only. This document does not constitute, or form part of an offer to issue or sell, nor a solicitation to subscribe, in shares, units or other interests in investments. Nor does it constitute investment advice and is for information purposes only. Although we have taken all reasonable care to ensure that the information contained within is accurate at the time of publication, no representation or warranty is made as to its accuracy, reliability or completeness.
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