Conseco (CNO) Pops 42% And It Was Found By A CPM User

July 30th, 2009 | Filed under: Stock Recommendations,

Thanks to one of my many Chart Pattern Manifest customers, I receive a host of great stock picks everyday, and I don’t have to do any work.

This latest pick was first sent to me about a week ago, and this guy has been standing strong with his trade, and, rightfully so, it looks like he is now finally being rewarded.

The stock is called Conseco, Inc. (CNO), and it is not only a great find, but also an excellent textbook wedge with breakout (which he learned through Chart Pattern Manifest).

cno_073009

The volume is strong on the breakout and crossed the 200 and 50 simple moving average in one quick swoop. Because the spike was massive, I would look for two things, if you are not already in the stocks: whether we head higher from its current point or if we experience a low volume pullback to test the new support.

This stock is definitely still in play, so keep a close eye on it.

We all like confirmation, so check out what INO has to say about this stock.

More on this topic (What's this?)
(CNO) Class Action Suits Against Conseco
Paulson & Co. Investing in Conseco
Notable financing - Conseco (CNO)
Read more on CNO Financial Group, Inc., Copernican Intl Premi TR at Wikinvest