Looks like a great bullish breakout here to me, but I wish the volume was a bit higher. Distance between 2014 high ($42) and lowest low since then ($12) is $30 which gives a long term goal price of $42+$30 = $72 target which would likely take years to hit. In percentage terms this is 60% upside A stop at $37.49 gives a risk of $7.63 or 17%
Anyone else have similar or opposing views?
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Good test of support today. Opened at 43.02 Will be interesting to see if $42 holds.