Price target: $19
Stop-loss: $16.50
Ascending triangle is almost complete. Parabolic SAR gives the buy signal. Price is over 20, 50 and 200 SMA's. MACD has an upwards slope. Price is not very far away from the 200 SMA meaning it has alot more potential to go up. I put my price target at $19 because that is the around the price that the stock peaked in 2011. I see this stock around the $19s in december or january.
**This is a brief overview of what I think about this stock. Later I will make a post on my website(fonzotrader.com) where I will delve into this stock more.
Stop-loss: $16.50
Ascending triangle is almost complete. Parabolic SAR gives the buy signal. Price is over 20, 50 and 200 SMA's. MACD has an upwards slope. Price is not very far away from the 200 SMA meaning it has alot more potential to go up. I put my price target at $19 because that is the around the price that the stock peaked in 2011. I see this stock around the $19s in december or january.
**This is a brief overview of what I think about this stock. Later I will make a post on my website(fonzotrader.com) where I will delve into this stock more.