Century Casinos

CNTY

Company. "Century Casinos is an international casino company led by a team of gaming industry professionals who have developed and operated more than 100 casinos in 25 different countries." (company website)

Buy. Century made a big jump yesterday on heavy volume, and trend strength (black ADX line) just crossed the threshhold 20. Money has been flowing steadily (CMF) into CNTY, and price momentum is picking up (PPO).

CNTY bears careful watching, however. It has had a huge run-up over the past nine months (see sidebar). Unless I miss my guess it will pull back again to the 1-month average (dashed green line) before climbing much more.

Considering what happened with SMSI today, I think I would be well advised to put in a stop-loss order while I'm thinking of it.

Sell. Was I prescient, or what?!

CNTY sold as the result of my stop-loss order being activated. I've learned it is just never a good sign when a stock opens higher to make a new high and then just falls from there.