Possibly. Look for the consolidation after this in the next few days; maybe make a bull flag. Could be the start of a steeper upward channel.
Decent options flow in this name. Would look at OCT / NOV. 150-160. $EW
Its always good to brush up on our trading rules. One rule I live by is that past resistance acts as future support, in case you couldn't tell by the chart! In late June the price was met with resistance at $154. After retracing and testing support again, the stock is ready to try again. If the price does bust above previous resistance @$154 I'd expect a move up...
Entry 0.5 ATR above trendline. Trailing stop-loss and 1x target 3 ATR from entry.
Just below 118.9 buypoint in handle, resistance around 120-121 though so wait fro break with big vol. support.
took a position today shorted EW at 91.50 with stop at 94 and target previous lows