This stock has been ranging for a long time. It has not closed above $3 before. Currently, it is trading at $3.12, looking to smash through. We will see how it closes.
In the more than 2- year range the price has broken to new highs only to quickly fizzle. Be aware of that.
Short-term arget near $3.35....although I prefer to use a trailing stop loss given the large range and the possibility of a larger move.
Disclosure: long from the last pop higher (to $3) in late July.
In the more than 2- year range the price has broken to new highs only to quickly fizzle. Be aware of that.
Short-term arget near $3.35....although I prefer to use a trailing stop loss given the large range and the possibility of a larger move.
Disclosure: long from the last pop higher (to $3) in late July.
Cory Mitchell, CMT
Stock and forex trading insights at tradethatswing.com/
Stock and forex trading insights at tradethatswing.com/