The daily is actually a little bearish but the spike looks like news. Sometimes this kind of move ends in the red when there is no news. If so, I'll add but right now I'm just watching.
It's trend line best seen on the Weekly. High on 7/4/14 to high on 8/1/14 to low on 3/13/15 gives you 27 where we are today. Hasn't hit it yet.
Good sign on the momentum front also, and yes I'm pumping because there are so many short idiots on this board. If you're short here you are nuts or have no clue, which is fine with me.
Buy indicators all over the place. Starting with one which I have had major success. Close above the high of the previous low. Long and Strong. If your short that is where you will be taking your next #$%$.
Not out of the woods but closing above the 10 EMA daily, closing above R1 on the floor pivots, closing above the high of the previous low are all buy signals for many investors. So not out of the woods but for a lot of people this is a buy signal. With a stop below 30.55.