Competitive Technologies (CTT)

Company

"Competitive Technologies, Inc. is an invention management, technology transfer, commercialization and licensing company. CTT is strategically developing alliances with global customers to obtain their technology requirements, i.e., 'wish lists'. With these lists in hand, we utilize our inventory of technologies and/or our extensive network to identify and deliver the appropriate technology solution to our global customers." (company website)

Buy

18-Jan-05. CTT first broke out in mid-December with nice jumps on solid volume. Since then it has consolidated between $9 and $11. Today's open broke the upper Bollinger band (wavy blue lines); although the open was near the high, it held fairly close for a net gain on the day.

I'm counting on the increasing price momentum (PPO), increasing relative strength (RSI), and the uptick in buying pressure (green +DI line) to carry the day.

Sell

3-Feb-05. CTT has been a frustrating stock for me. Right after I bought, it jumped then pulled back. This week it jumped again, but pulled back yesterday. I decided to take modest profits today rather than risk another drastic pullback.