Definitely overbought and rising on lower volume and looks vulnerable from the stochastics, but often stochastics aren't useful in strong trends. Accum/Dist line is more of an indication of short-sales from the look of it. It also looks like buyers are afraid to step up to the plate and high short interest position (7/31/2014, Latest report from Nasdaq, 24.1Mill Shs Short, 4.3 Mill Avg Vol, 5.6 days to cover, Shares o/s 124.63 million, Float 90.87 millionShares) is being challenged. I'd like to see how it acts down at that 240-245 area where there were plenty of buyers post-earnings.
nobullshytraderfa
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got another 2% to gap fill tim :)
timwest
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Yes, I see. Bring it on. The last thing I want to see is a one-way train. Then riding the moves will seem too easy. The more volatile moves up and down are makes what we do seem a lot more difficult.