iamericlentz

iamericlentz

There's a larger uptrend in play and it is outside of that channel. The falling wedge gives an indication that it may be heading back into the channel. It is sitting at the 52 week low and there's support at this level. Earnings basically hit estimate, though just slightly lower (3.647 est./3.61 actual). It looks like there's potential here for a breakout.

iamericlentz

Price moved above the lower trendline, but was stopped at the upper trendline. Still appears to be on a downward trend.

iamericlentz

This is a pretty deep wave 2 that broke below the trading channel. Either it continues down or we start into wave 3. There's a lot of ground to cover on the way up.

iamericlentz

Looks like wave 2 on the inner wave is done and we're moving up, continuing the outer wave 3