Crane Co. (CR) Set to Fly
05/05/2009 9:48 am EST
CR, the maker of engineered industrial products in the United States and internationally, turned up recently on a list of companies with heavy insider buying.
After plunging from more than $48 in October 2007 to below $11 in November 2008, CR built a base that following a "V" bottom broke through a compound top at $20 from a cup and handle formation.
With heavy buying and a thrust through the 200-day moving average, CR looks like it could trade to over $30 before running into selling. Traders and long-term investors may want to position CR now.
By Sam Collins of OptionsZone.com