23.07.2014 - The price volatility of Copart Inc. is likely to grow
The stock price of Copart Inc. after reaching the bottom of the channel rebounded upward, but could not continue to grow. In case of further decline, a signal to open short positions will become fixing the price below local minimum of 34.50 and outside of the channel. Meanwhile, we do not exclude the possibility of renewed growth within the channel to 36.50 and stop below 34.50. In such case we recommend buying the stock after overcoming the level of 34.75. We expect an increase in volatility in the near future and wait signals for opening positions.