This year between February and March the price of CMGI rise almost 100% and in the end of March we have a perfect 0.382 fibonacci retracement. In April the price "slept" and oscillated between 2.05 and 2.28 usd. This month the high of the previous month was broken and we have a breakout of a one month base, although the range of the base isn´t very tight. The price/book for CMGI is only 2. Here, a good stop loss for a long position is based on fibonacci and at the end of the base, placed near 2.05 usd.
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