From April low 11.75 the price enjoyed a nice run to 17.20 early June and consolidated and traded a tight range for 4 month base and finally broke-out upside October and almost gained 42% from upper channel of the base, and again consolidated another 2 months and broke late December 2012. It looks there is another leg upside in 2013 and could gain almost the same length more than 40% early 2013. Keep your eye on this stock and has been a winner in 2012 and could be a winner this year. If you decide to take a long position make your stop loss at recent swing low 23.75 with target price $30.
Comments
Jose5
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This stock show some possible low risk trade when crossing lines, It is very trendy.