Methinks the next down day will be the only opportunity to get in before this stock starts it's trek up to a more realistic price. When the EPS reported is over double what the analysts pegged it at, the share price is bound to adjust. Strong volume coming into the stock and all during a down market!!! Trendline has been pierced with a nice close above it. One more dip below and we're ready to go.
Last edited by stockgoblin; November 13th, 2012 at 08:31 AM.
It seems like an impressive break out from a base of nearly 4-5 years. The volume went from 200k /week avg to now 1.5m/week...very constructive. Perhaps it's not too late to get on board. Possible entires maybe at the 12.75-12.99 area that is a former breakout area and is at 40% fib. retaracement level as well. Then a retracement to 11.00 area will close a gap, will be a pullback to break out area and will be nearly at 62% fib level.
I like the chart and will monitor it for possible entry opportunies. Thanks for sharing.
This is a weekly chart.
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