Any ideas as to the resistance at 47? It is puzzling to me. I don't see many people with a big desire to get out at 47 as few people have entry points above 47. It's near mutl-year highs so who needs to get out at 47?
This increase was on better than average volume, but no reported news to justify a 7% rise.
Many times this juxtaposition of better than average volume, sharp price increase and no reported news means good things to come for longs.