Another stock that I have been watching for the last few months and it is getting very very close to breakout territory.
What has got my attention is how close the 50 and 200 Day MA's are converging on each other right now......we have seen time and time again that when this happens, especially at a support or resistance level, that a direction will need to be taken, up or down....it won't continue moving sideways.
A break out above the trend line at $37 and then the 200 Day MA just slightly above it and we are into the Bull Case.
A fundamentally and technically strong looking company here.
Wave 3 is at $57.50 and $65 for Wave 5....a close to 100% gain for 9 months is possible here.