Have not even looked at this one for a while. The former CEO’s comments yesterday reminded me. Last time, on July 16th I opined that the stock should not trade below $34 and that a reasonable target would be about $47. We got to $44, give or take, and I would sell here and just watch what happens next. This stock could be in a new bull market but unfortunately the action from the lows looks a lot more corrective than impulsive. Here is the chart.
Apart from the less than promising EW pattern, the RSI and MACD are turning down.
See also May 27th blog!