This stock entered into strong uptrend after found bottom from $18-$19 since November 2013.
100 MA could be a buyable area as it gave us nice leg from low $30ish to $37.40 where it pit double top.
Level $34 is very important because previously it was resistance and now acts like support.
On Friday stock closed slightly higher above that. I entered long small, need to stay above that and regain short term moving averages for additional confirmation. I will add through $34.50-$35 area and expect it to retest highs @ $37.40.
From fundamental point of view company is not overlevereged with debt and will be robust to macro economical changes
100 MA could be a buyable area as it gave us nice leg from low $30ish to $37.40 where it pit double top.
Level $34 is very important because previously it was resistance and now acts like support.
On Friday stock closed slightly higher above that. I entered long small, need to stay above that and regain short term moving averages for additional confirmation. I will add through $34.50-$35 area and expect it to retest highs @ $37.40.
From fundamental point of view company is not overlevereged with debt and will be robust to macro economical changes
