Obviously it could give it all back within days to weeks, nobody can predict the short term moves, but I have an opinion on the stock in general. The close over the ma 50 is ALMOST enough for me to be fully on board as a bull on this stock. Look at the monthly chart and note the bull flag. Also note the timing of the large volume buys which are smart money. It appears this could be headed to $30. Really, the sky is the limit.
If it closes below 5.75 or so this month, I would re-evaluate my stance, but if it holds above 5.90 or so I'm going all in.
I am going to buy before then too, although I haven't yet. Going to try to get filled in the 6.10-6.15 range tomorrow. I think it's dumb to just hit the bid but hopefully I don't miss the rocketship.
Best technical setup award -bullish- 2013 award goes to PPP