Two weeks after two analysts downgraded CSUN to a SELL and one analyst initiated coverage with a HOLD, CSUN bottomed at $6.40, just below the three analysts' average target of $6.67. From there, CSUN rallied 200% in just over one month's time. All four upside targets were MADE and exceeded by a wide margin on negative earnings projections for both this fiscal year (-$0.16) and next fiscal year (-$0.06). Go figger.
On Friday, January 4, CSUN broke below a Symmetrical Triangle on a Bearish Island Reversal in the daily chart.
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