CTRP $64.09 - neutral – Approaches 4–month range low at 63.00

CTRP weakened towards the 63.00 4-month range low area (near 50% the 40.74/87.62 rise) and the 62.13 higher low (May 1, 2015). Given the bearish MACD, it is possible that the stock may break down further towards the 200 day moving average at 60.00 and then 57.59 support (April 1, 2015 low) near (61.8% of the 40.74/87.62 rise) which may provide support for the downleg. Near term, 67.07 may serve as the immediate resistance. Above would stabilize and open 73.75.

Outlook:
Short term: neutral
Long term: bullish