GTN made a new 52 week high with tons of buying volume coming in and is also expected to fundamentally grow over the next year.
Judging by the volume we got on Friday, I think we'll see a break of the range early this week. However, keeping in mind that most gaps tend to get filled I think GTN may come back to retest the $23.25 area before attempting to break out.
Final thoughts: Look for buying opportunities around the $23.25 area or wait for a daily break/close above $23.95
P.S: Previous all time high comes in around $25.31. If your thinking about trading this be sure to lock in some profits at or around that price.
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As expected, GTN gave another opportunity to enter around the $23.25 price. Given the volume we had on Friday June 25th, 2021, I think this will break out this week or early next week.