Strong company, but bad time to buy this stock. Technical indicators shows a very weak position. Going down on the MACD. No stopping the drop till it reaches 60$. Keep it in your buy list when it gets to low 60s
The stock declines in high volume today and MACD has already raced past the zero line, we may get much better entry points going forward. The $63 gap (by the end of June) seems to be nastier than $68 in Aug.
The stock went up 53% (89.95-58.98) since June, 2012. It has corrected about 18.36% (89.95-73.43) as of I am writing this post. It's probably healthy to fill those gaps before going up again. Hoping that I won't miss the entry opportunities ahead!
It won't let me post stockcharts here anymore ;-(. By the way, does anyone know why the line breaks don't work anymore? Thanks.