This is a broken stock, but it looks good for a bounce.
This is a broken stock from a long-term perspective. But the momentum obviously favors the upside on shorter-term time frames. I would (will? :-) buy this stock over 45.07 with a worst-case stop just under Friday's closing price, 42.56. I think it could conceivably pop back up to the high 60's and maybe higher on a solid break over 45.07. But I would never hold this stock long-term. Like I said, it's a broken stock, but it looks good for a nice bounce on the shorter time-frames. I don't know its fundamentals, and I don't care.
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DonaldL
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I forgot to add that ideally, we'd want to see this stock consolidate at these levels for a while and digest its latest gains before breaking above 45.07.
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DonaldL OP : I forgot to add that ideally, we'd want to see this stock consolidate at these levels for a while and digest its latest gains before breaking above 45.07.