I started buying some today had an 8.50 pullback target and another at 7.97 for a second buy. This has a repetitive sharp up then partway pullback pattern so I targeted 7.50 to 8.50 now to mid November to buy. I drew line starting at May low connecting the July and Sept lows to get my buy points. My near term target is 12.00 by year-end. My stop loss is 6.97. Good buy points appear to be just below 30 period MA where it is now.
This is from TD AMERITRADE MARKET EDGE Analysis..
Opinion LONG
Date Opinion Formed 09/17/12
Price Opinion Formed 8.03
Score -1
C-Rate 0.0
Recommendation: Stock is a Buy.
Comment
Moving Average Convergence/Divergence (MACD) indicates a Bearish Trend.
Chart pattern indicates a Strong Upward Trend.
Relative Strength is Bullish.
Up/Down volume pattern indicates that the stock is under Accumulation.
The 50 day Moving Average is rising which is Bullish.
The 200 day Moving Average is rising which is Bullish.
Price is under Support of 8.31 which is Bearish.
Watch for resistance at 9.06
Week's Activity (Close as of week ending 10/19/2012)
Week Close 8.21
Week Change -0.79
Week Open 9.01
Week High 9.21
Week Low 8.16
Price Analysis
Yr. High 9.85
Yr. Low 3.15
MO Chg.(%) -2.0
Resistance
9.06
Support
8.31
SELL STOP
6.50
Volatility(%)
5.8
Position
32
ADXR
28
Moving Average Analysis
Type
Price
%
Slope
10 Day 8.89
92.0
DOWN
21 Day
8.74
94.0
DOWN
50 Day
7.86
105.0
UP
200 Day
5.80
142.0
UP
Volume Analysis
Ave Daily Volume(00)
6730
MO Chg.(%)
24.8
Up/Down Volume (U/D)
U/D Ratio
1.5
U/D Direction
UP
On Balance Volume
BL
Positive OBV
BL
Negative OBV
BR
Money Flow(MF)
67
MF Direction
DOWN
Technical Analysis
Alpha 0.35
50-Day R.S. 1.20
OBOS 1
Beta 1.56
STO(Slow %K) 23
B.BANDS 46
MACD ST BR
STO(Fast %K) 5
RSV 97
MACD LT BR
Wilder's RSI 25
POWER RATING 44