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Last Update: 5.22.13

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5.15.13 Wednesday

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Waiting For a Breakout

These are classic bull pennant pattern as you can see the stock moves pretty much sideways while the volume dissipates.  You should see volume spike on breakout to confirm the move.

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5.17.13 Friday

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Entered Bullish Positions @ $37.02

We had a fake breakout with the volume spike yesterday and the stock went right back inside of the pennant but I liked the fact that the bulls went for it. This morning, it gapped up and that was enough for me to jump in bullish short after market open.  Also like the fact that we are now trading above all moving averages.  It just needs to hold this level and thrust higher.

Target is at $38.50

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5.20.13 Monday

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Nice Run Today with Volume Spike

Approaching my target here quickly and looks like we can get there tomorrow.  I probably will close some positions at that level but I want to keep some and see if we can break above that level.

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5.22.13 Wednesday

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All Closed Out @ $37.35