50 and 200 day sma's were both right around that 36 area....that's pretty strong resistance....still though, the huge volume yesterday makes me think that it won't dip all that much. I'm buying back some of what I sold yesterday.
I just think that the very heavy volume yesterday combined with big percentage move up and the breakout from a 12 day tight trading range means that it is likely that dips get bought for at least this week. I'm trying to read the charts and determine likely dips that we will rally from.
I'm inclined to buy anyway because I sold WAY more than I had planned yesterday.
one other comment: I mentioned yesterday about heavy volume coming in on 5 minute bars at a certain point. That was the beginning of the heavy volume that we saw in the stock. That first heavy volume 5 minute bar was at 10:30 ET and took us to 35.28 right where todays low (so far) sits. I expect this to be the low of the day unless the market tanks hard. I think the large traders who bought there will defend that price which is another reason I'm buying down around these levels.