ACADIA looks ready to move to new highs. Plenty of digestion and back filing the past year and I am seeing more commitment in the intraday price behavior. I believe at the very least there is a swing trade to the mid $30's here with plenty of catalysts to take this company much higher next year. I took a long position again today at the open, average cost $29.0391.
Day-traded this name on Thursday/Friday 13-14 and was watching the price behavior for signs of a break-out to new highs. As you can see on the 15 MINUTE chart, we got that today with a trigger buy at $43.70 and $44.30. My average cost is $43.96 for a swing trade to mid/high 50's. Support : $43.70, $44.00, $44.30, $45.00, $45.75 Target $57 by late December (4 Weeks)
Slightly above average volume today, buying momentum into the close. Short-term looks attractive for some swing trading if and when it moves much higher. Short-term LONG POS - AVG COST: $1.0424. Follow-thru tomorow could make things interesting, plenty of buying today when it pushed thru $1.20 and in the final 20 minutes.