Is Chicago Bridge's Stock Headed to $40 and Beyond?

Steady as she goes with Chicago Bridge & Iron

, which I first wrote about on April 6, 2009, at a price of $7.31, which has pushed through psychological resistance at $30. Further, obviously if you're in near $7.31 or at a dollar-cost-average below $14, now may be a good time to consider taking some profits off the table with CBI. However, those investors who can tolerate the risk can hold on to their full position in CBI go for a possible larger gain. I'd also raise the sell/stop loss to $22 from $18 at this stage.

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