Has Coldwater Creek (CWTR) finally found support?

Coldwater Creek (CWTR) may finally be finding support after falling over 30%. The bulls were caught in an ascending wedge that broke viciously to the downside. There have been a lot of stocks showing that pattern lately.

Coldwater Creek's net profit(loss) has been improving the last two quarters, but their sales revenue has still been declining. They are going to report earnings at the end of this month. It will be interesting to see if they can swing to positive earnings per share.