Email Alerts

Our Upside Target Met In Copart (CPRT)

Posted on: Tuesday, August 28th, 2018

The chart below shows that the Copart Inc. (CPRT) met our $64.20 per share upside target this morning, August 28th, by trading as high as $64.30 intraday. 

Our price target on this Asbury Momentum idea was first displayed and discussed in our August 9th Asbury Alert (access requires subscription) to capture a $4.69 per share, 8% price advance in less than 3 weeks.

CPRT also outperformed the S&P 500 (SPX) by 5% during the same period.

Here is the chart from our August 9th report.

CPRT daily: January 2018 through August 9th

Here is this morning’s (August 28th) updated chart.

CPRT daily: January 2018 to August 28th

 

We publish these notifications for 3 reasons:

  1. to let Asbury Research subscribers know when to consider taking profits on existing positions,
  2. to let non-subscribers track what we are doing in the market, in real time, and
  3. to make everyone aware of a potential upcoming price reversal as price advances often end as upside targets are met and more savvy investors take profits.

 

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