2.81, at resistance or support, 2.75 ± 0.13, type triple, strength 10
Resistance Above : +11.7% at 3.14 ± 0.14, type double, strength 10
Support Below : -14.6% at 2.4 ± 0.11, type double, strength 8
Fundamentals are strong, but the stock is in a basing pattern, making headway against an indecisive set of investors.
All ye fast money traders disappointed with "the action" you need to sell and move on.
BUY and HOLD types will be rewarded for the long haul commitment.
As you can see once past the current level of resistance, we will sprint to the next level and likely grind through that. Should the spring housing season hold to its promise we may see a pick up in volume and a more meaningful advance. We are still in a large sense consolidating the near 50% move from the last couple months.
The good news is, if you hold through the advances and the basing, you will never be caught on the sidelines, when some news event moves it 30% or more.
And the longer you hold the easier it will be to migrate from your swing trading mentality to a true investment mentality.
I noticed that shorts positions vary very little. But down over 25% over the course of a year. As the sector gains more and more favor, these guys will stop replenishing themselves and move to more normal levels.
Try a little less bobbing and weaving and a little more DD, and vaulting what you own.