Price tested the 50 SMA recently which also coincides with former resistance on the weekly at $144.
The recent close above the .78 Fibonacci level with eleveated volume is bullish, as is the cross of D+ over D- on the ADX which is also rising.
The MACD is setting up for a cross and the RSI is crossing its 14 day MA.
OBV confirms the trend.
Target: $157.46
Stop: $139.9 (just under support, approx 1.5x ATR)
The recent close above the .78 Fibonacci level with eleveated volume is bullish, as is the cross of D+ over D- on the ADX which is also rising.
The MACD is setting up for a cross and the RSI is crossing its 14 day MA.
OBV confirms the trend.
Target: $157.46
Stop: $139.9 (just under support, approx 1.5x ATR)