Today's high hit the upper boundary line in this multi-year sideways channel. It appears to be a re-test after a false break. in late 2012. I'm looking for a at least a couple of points of downside to ~49-50.
Impulse to the upside with a low volume downside reaction favors bulls. Watch as price approaches the 10/20D SMA's. With the doji type of candle forming today, this may reverse before it reaches those levels. Regardless, I want to own after it breaks out.