Stock of the Day – Cox & Kings

Cox and Kings peaked out in the third quarter of 2010 and since then, it has seen nothing but Red as the stock fell from 330 levels to lows around the 90 range in October last. Since then though the stock has seen a very good climb and now seems to be setting up for another move higher. 

Presently the stock trades just below the high of 2013 and seems to break the level of 150 which has acted as a resistance level in the past. The next resistance will be seen at 180 levels and above that at 230. Seems an interesting play to watch

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About Prashanth

Have been a full time participant in the stock markets since 1996. Run a Yahoo Group where focus is exclusively on discussions of the Indian Markets using Technical Analysis as the tool (groups.yahoo.com/group/technical-investor)
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