In Monday evening’s Forecast Report, Compellent Technologies (CML) was featured based on its addition to the S&P SmallCap 600 Index. We tend to see S&P additions hold or add modestly to their evening gains. As such, the stock signaled a possible long entry point near 19.70 to 20.
CML opened near our target but only cheapened slightly within that range, at its pre-market low of 19.97. A buy at at that low is up 1.5% when tracked to the day’s high at 20.27.
