Looks like the reversal is in place. Had a nasty sell of to recent support and to set S/L orders with a very nice and strong bounce back into consolidation area. Break of 55 should see a speedy return to recent highs and could take these out. Im long.
Should find support here, just above my initial buy level from 49.90. Last weeks VOL shows that it is already decreasing, selling should stop here. Nice level to move up again to target at 67.50ish
After a short selling attack, this stock could not recover and touched recent lows again. today guidance 2016 is confirmed and seen slightly over expectations for 2017.
long 38.42 with stops below prior days low, e.g. 37.4
