$23 target longer term.
$15.75 stop loss.
Tim 18.38 last, buy on dips to $17.50 or less. 7/1/2014 12:32PM EST
Overbought daily and weekly make me wanna pass on this one.
However, I do see the possibility of a nice run into earnings here. (7/31)
I always find it suspicious when a major brokerage house comes out bullish on a stock that is now trading 40% above it's lows. Where were they 2 months ago when we were trading at $13? My guess would be buying shares. Now they 'initiate coverage' in hopes of squeezing another 20% out of their trade.