Crane Co. (CR) Set to Fly

05/05/2009 9:48 am EST

Focus: STOCKS

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

 

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