ELMD Thoughts

Entered at $1.85 today 1/23/14 for 1/2 of a position. The massive volume on the day after the gap up was the most this stock has ever seen since it's debut. I am thinking it will hold the top of gap support at $1.67, but will add another 1/2 position on a test of the 50ma ($1.46 and rising). I would stop out on a break and close below $1.45 and My target is $2.81 depending on price and volume action of course.