weakened towards the 63.00 4-month range low area (near 50% the 40.74/87.62 rise) and the 62.13 higher low (May 1, 2015). Given the bearish MACD
, it is possible that the stock may break down further towards the 200 day moving average at 60.00 and then 57.59 support ( April
1, 2015 low) near (61.8% of the 40.74/87.62 rise) which may provide support for the downleg. Near term, 67.07 may serve as the immediate resistance. Above would stabilize and open 73.75.
Short term: neutral
Long term: bullish