Outerwall stock surges on $1.6 billion deal to go private

Well I saw a news so thought to look at the stock. Yes it broke the Red resistance line. But doesn't mean that it is going go that up. The 2 black lines are the next resistance zone and also follow up the green support line. When it fails to break the back resistance lines 2/3 times with side wise choppy trend and break the green support line in lower side or shows weakness can be a good time to short. Hold on for few weeks to months.

If you read the news then you will see it says, "which still requires regulatory approvals. " So during that time will be a good chance to play it right if it fails to go private.

cnbc.com/2016/07/25/outerwall-stock-surges-on-16-billion-deal-to-go-private.html