In mid 2015 the stock went through a short, 3 months, distribution phase that generated a price potential of $36 (a down move) - this target has been met in late 2016!
Starting rom late 2015 the stock is in an accumulation phase trading at a Trading Range between $35 and $55/ Two Springs, in Oct and Dec 2016, signal the beginning of a potential up-trend. The Springs are part of a narrow trading range ($35-$40) that generated a price potential of $54 - the top of the larger Trading Range. Price broke through the narrow trading range ($40) on Feb 13th - this was the 1st opportunity to get into a Long position. Price continued to rise to ~$45 and has since corrected down to ~$40 - the top of the narrow trading range. A price reversal above this level will create a 2nd opportunity to get into a Long position with ~$14 price increase potential in the short term. A further price target is $70.