This chart is saying one thing very clear: if the S&P does not correct in the next 30 days, you will see an all time high in the next 30 days. I hate charts and love fundimentials - but sometimes you take what the market gives. Volume is 10% above average, short interest, while still low has gone up which should but downward pressure, it doesn't. Afterhours volume is up, with a buy side bias. I can't see it in the pipeline or the projections, BUT my next post will be 3 words - ALL TIME HIGH. Anyone who can post a SELL into this activity is only doing 1/2 their DD.
You're basing your decision to buy more or hold shares of this stock solely on its appearance or appeal to a hedge fund managers parking tons of cash these days. Basically medical companies are the new junk bonds and your rationale not to sell supports my point.
I recommend a sell for anyone who thinks that Carefusion's current stock price and value moving forward are in any way tied to the company's performance. If you're buying it or holding it for its junk bond appeal as with all medical device companies these days, then enjoy the ride up for now and good luck!
I agree with the previous post that the stock is due for a pullback. Stock has some resistance at 26, but if it breaks through there it could get to 30 fairly quickly. These are the kind of moves that happen in these grinding markets.
I would not be shorting the stock as there have been some big option buyers in there. Look at the March 25 calls. The 18000 open contracts is something you normally see on GOOG or NFLX. Someone might have some inside info.