$CLCT Looks To Have Topped Out

$CLCT looks set to fall to the $22 support level, right where the 200 day moving average is. The stock has multiple tops at the $30 level and what can't go higher, must go lower. After all, $CLCT is up 129% ytd and we expect nervous longs to book profits.

Collectors Universe, Inc. provides authentication and grading services to dealers and collectors of coins, trading cards, event tickets, autographs, and historical and sports memorabilia in the United States. The company operates through three segments: Coins, Trading Cards, and Autographs and Other Collectibles. It also publishes magazines that provide market prices and information for various collectibles and high-value assets that are accessible on its Websites. In addition, the company sells advertising; operates an online market for graded collectible coins for dealers on subscription basis; and promotes, manages, and operates the Long Beach Coin shows. It serves dealers, collectors, and retail buyers and sellers of collectibles. The company was founded in 1986 and is headquartered in Santa Ana, California.

As always, use protective stops and trade with caution.

Good luck to all!