Benchmark Electronics has been riding a bullish move since the May pullback completed. It has created a flag pattern that has since broken out & successfully re-tested. I have a couple of price targets noted, the first may be in sight soon.
The market move sideways last few months, that creates a good opportunity for harmonic traders. However, the price was bullish last few days. It reached 30.8 and getting close to the major resistance level at 31.15
This is the main area where the buyers and sellers usually make their decisions. Sellers go short and buyers take profit, that cause the price to go...
Preferred short around $21.00, but can short now @ $20.52 market. Stoploss at $21.63; Profit target at $19.30. Must hit profit around 02/15/2016. Stock expected to lose about 8%.