Question: Currently Charlotte Art Importers is selling at 23 per share

Currently, Charlotte Art Importers is selling at $23 per share. Although you are somewhat dubious about technical analysis, you want to know how technicians who use point-and-figure charts would view this stock. You decide to note one-point movements and three-point reversals. You gather the following historical price information:

Plot the point-and-figure chart, using Xs for uptrends and Os for downtrends. How would a technician evaluate these movements? Discuss why you would expect a technician to buy, sell, or hold the stock based on thischart.

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  • CreatedDecember 17, 2014
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