A good long setup here with earnings out of the way. The stock gapped up on heavy volume after a good earnings report. This gap up also happened to be above the AVWAP from the June highs.
Currently the stock is consolidating after the strong run up from the $21 area all the way towards the $30 area.
In my opinion, the $26 - $27 range provides a good buying opportunity in anticipation of a move towards the $40 level.
Currently the stock is consolidating after the strong run up from the $21 area all the way towards the $30 area.
In my opinion, the $26 - $27 range provides a good buying opportunity in anticipation of a move towards the $40 level.