PETM gaps up on earnings

PETM has undergone a deep and prolonged pullback lasting over a year.

Yesterday price gapped up on higher volume and broke through previous resistance. The bar was very bullish , which gives a good indication that price could well continue it's upward momentum over the next few days.

However, with price only just breaking such a strong pivot point the potential bull move could be short-lived. If you trade gaps keep your stop tight. If you're looking for a longer-term opportunity this chart needs more time to develop so stand aside.