akillam1

$ATRS - Waiting on Entry

NASDAQ:ATRS   None
We need to be careful with ATRS due to this exponential rise. This has formed a bubble and if that bubble pops it will get ugly as this settles back to trend support. But, this has plenty of space to run to get back to the high before the huge drop months ago. This has been extremely bullish for weeks now. I'd personally like to see a little more consolidation under 3.50, but I will be entering on the 3.50 break. Once 3.50 breaks, I expect this to keep running as it tries to get a gap fill around 4.00. MACD is very bullish right now, but as mentioned before, this could still have a "healthy" drop back down to 3.00 as a form of consolidation. I'd be inclined to look for a dip entry if this takes place, but right now, the bulls seem to be in full control with above average volume. As of now, no major bear signs exist except the high RSI. Initial PT will be before the 3.75 resistance, but I think 3.90 should be fairly doable on a multi day runner after 3.50 break. 4.00 will be a tough resistance.
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