CML Keeps Pushing Higher

Compellent Technologies Inc. (CML) continues to consolidate its breakout levels from late October. The ticker, which currently trades at a trailing P/E of 235.33, a forward multiple of 70.56 and a PEG of 3.55, is lifting higher intraday as it elevates modestly above its recent momentum consolidation highs.

CML has been moving largely lower over the past five months and is currently battling not to re-test its mini-support level which is located right around the $24.00 – $25.00 area.

CML Share action: Up $1.02, or 4.8 percent, to $26.03 in midday trading Wednesday. CML shares have traded between $11.00 and $26.44 over the last 52 weeks.

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About Ron Haruni 1065 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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