One of the more interesting stocks for us here at EIS has been Cabcharge. We have been following the taxi industry over the last few years and noticed how the price of taxi licences has really escalated during this time. For those who have done the wealth and cycles class you will know the reasons behind this (ie. Government granted licences and top of the business cycle).

This is a stock that is worth following on the principles of this class. Attached is the daily chart of Cabcharge which I have identified the trend channel for. Notice when the chart broke above the previous highs at $2.75 last Friday 27/10 and how it spiked up quite dramatically on volume. I think it is worth keeping your eyes on this chart for further trading opportunities. Clearly it is still ranging in an uptrend. Short term traders can look to trade these ranges, longer term traders can move up their stop loss levels !!