Stockcharts is a great tool and I use them often as I can, one caution thoughh is look at the macd, it has not really had a huge upswing. jmo Holiday driving is coming up too which will make your prediction correct.
Having a float that is 30% short is a bit telling too...should be a wild volatile month coming up.
and what is causing this breakout?Energy demand...no,It's the fed feeding money to banks to buy commodities. If Iran floods the world with cheap oil like Saudia Arabia did in the Reagan era, the US will be holding overvalued assets.Remember how Russia depended on oil money and had that taken away in the 1980's?