Tuesday, January 15, 2008

Cosan (CZZ)

This featured as a member [$] pick last week. The stock continues to provide solid bullish action with Thursday's and Friday's action confirming $13.36 as support. The original stop from $12.79 can be raised to around $13.29. As a 2007 IPO the stock has no overhead resistance, so it is well placed to move higher from here.

The stock has listed options, but not the liquidity to make them worthwhile.