deepiceman
PremiumIt has been basing well and going sideways for a few days now and has reclaimed all moving averages. A close above 162.50 should take it back towards the highs around 172 and beyond.
Looks to be rolling over, short term it might bounce because it is closer to the bottom of the bollinger bands but with 9, 20 and 50 day moving averages all turning lower with the rolling top, it will soon have a date with 200 day moving average.
Weekly chart shows head and shoulders pattern with the stock nearing its neckline. Can it save itself or do we have a date with the 200dma?
Earnings coming up in about 6 days but currently it is basing itself for a flat top breakout. I don't hold them for earnings so trade will be closed one way or another prior to that.
Currently at the upper end of the falling wedge forming what is looking like a mini bull flag (last 3-4 candles). RSI is also in a descending triangle. Volume suggest accumulation. Earnings out on 2/18/15
Taser has pulled back on low volume and is now consolidating above its support line and 50 dma. A few more days of sideways action and this should go right back up.