Coinstar Inc. (NASDAQ:CSTR)
I was wondering, what are your thoughts on CSTR before and after the law suit against TWC?
CSTR is currently in a DOWNTREND, which was issued by the SmarTrend system on 8/17/09. The system maintains that CSTR will continue in a DOWNTREND until our technical indicators detect a new trend change. I’ve attached a chart displaying all of SmarTrend’s alerts on CSTR over the past year for your review. As you can see, SmarTrend’s calls on CSTR have performed quite well:
6/24/09 DOWNTREND @ $34.55
1/2/09 UPTREND @ $19.60 (43.3% RETURN)
5/21/09 DOWNTREND @ $30.29 (54.5% RETURN)
7/21/09 UPTREND @ $29.78 (1.7% RETURN)
8/17/09 DOWNTREND @ $31.63 (6.2% RETURN)
If you signup for a free trial of the SmarTrend product, you can be alerted to trend changes like these as they occur (www.mysmartrend.com
). We suggest that you also follow the news and charts associated with all stocks you’re interested in on our subscriber website via the Stock Quotes & News tab in order to keep abreast of all developments concerning the company of interest.
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