The Current stock price is above both the 150 day and 200 day moving average.
The 200 day moving avg line is trending up since Dec 2016
The Current stock price is trading above the 50 day moving average.
The current stock price is at a 52 High
Broke of a year long channnel that began in Dec of 2016. It is now following an upward trend line that is at the 50 day MA.
Recent resistance was at 29.42. It looks as if this might be set up for new support. I would expect it to return to this support (29.42) for a possible good entry of partial entry. See if it holds this support. If it doesn't hold at 29.42, I would expect a return to the ascending trendline or the 50 day moving average which would be another good entry. It might be wise to enter on the bounce to the upside of either one of these support areas.
The 200 day moving avg line is trending up since Dec 2016
The Current stock price is trading above the 50 day moving average.
The current stock price is at a 52 High
Broke of a year long channnel that began in Dec of 2016. It is now following an upward trend line that is at the 50 day MA.
Recent resistance was at 29.42. It looks as if this might be set up for new support. I would expect it to return to this support (29.42) for a possible good entry of partial entry. See if it holds this support. If it doesn't hold at 29.42, I would expect a return to the ascending trendline or the 50 day moving average which would be another good entry. It might be wise to enter on the bounce to the upside of either one of these support areas.