I suggest researching the fundamentals on this company, and what is being priced into the stock price.
Now for the technical aspect of the stock...Price has dropped into a range of consolidation with the 200 Moving Average confirming the range by essentially going flat YTD. What I'm monitoring is for a breakout above $25.00. If there is no breakout and price heads back down lower I have no interest short selling into this company, and I will sit aside and wait to be on the bid at support ($20.10-$21.00)
Notes: I consider a breakout above resistance as a daily candle close above resistance.
Now for the technical aspect of the stock...Price has dropped into a range of consolidation with the 200 Moving Average confirming the range by essentially going flat YTD. What I'm monitoring is for a breakout above $25.00. If there is no breakout and price heads back down lower I have no interest short selling into this company, and I will sit aside and wait to be on the bid at support ($20.10-$21.00)
Notes: I consider a breakout above resistance as a daily candle close above resistance.