CSTR - headed for the low 40s

Coinstar (CSTR) posted results which disappointed the market last Thursday evening. There was a major drop last Friday - on strong selling volume, and today offers no hope to those who were trying to 'catch a bargain'.


CSTR, daily

Summary

CTSR was in renewed trouble today. Its attempt to hold together last Friday (a long legged doji candle) - whilst the indexes soared, but today, you can see the follow through with further weakness - a 5% drop.

Next key level is $41, which now seems likely within the next few weeks.