CSU, Constellation Software

csu jan 23 2015csu jan 23 big

This software company has done extraordinarily well and may even continue to do so, after all it goes up by about $100 per year. Last April we thought it might be a sell but it definitely was not. Now, once again we think it should be sold. It was a great investment but that is the whole point. If you do not take it, it does not count.

Our call today is based in the last few months of trading that very much resembles a wedge, these are ending structures. Beyond that the P/E is at a ridiculous level, the MACD has turned months ago and the RSI is about to go into overbought territory.