Skip to main content

CGI CEO Michael Roach.

Following our April 12, 2008 report, CGI Group Inc. completed a base formation (dashed lines) and started a new major up-leg to a high of $24.30 (A). Later, it pulled back to $17 (B) and then stayed in a trading range between $18 and $21 (dotted lines). Recent price action suggests that CGI is on the verge of a breakout from this range (C); a sustained rise above $21.50-$22 would confirm this. Only a decline below $19.50-$20 would be negative.

A sustained rise above $21.50 to $22 would signal Point & Figure targets of $24 and $29.


Story continues below advertisement

Monica Rizk is the senior Technical Analyst for Phases & Cycles Inc. ( ). Ron Meisels is a contributor to the website. They may hold shares in companies profiled. Please see the site for a glossary.

Chart source:

Report an error
About the Authors
Senior Technical Analyst at Phases & Cycles Inc.

Monica Rizk, Senior Technical Analyst, has a Bachelor's degree in Business Administration and completed the Canadian Securities Institute course. She has been with Phases & Cycles since September 2000 and specializes in the research of Canadian and US stocks using Point & Figure as well as bar chart analysis. More

President of Phases & Cycles Inc.

Ron Meisels, President, Phases & Cycles Inc., has been active as an Analyst since 1971. He was Vice President and Director of Technical Research of Nesbitt Thomson (now BMO Nesbitt Burns) from 1982 to 1990. He was ranked among the top three technical analysts by Canadian Institutions for six consecutive years (Brendan Wood Survey). More

Comments are closed

We have closed comments on this story for legal reasons. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.