took a position today shorted EW at 91.50 with stop at 94 and target previous lows
This stock looks to me like a good opportunity for a trade. Currently forming a Pennant which is a trend continuation chart pattern. This stock is also relatively high volume, and trading well above Daily and Weekly 200 period moving averages. This just further helps see the strong Bull trend this stock has been going through. Remember, the trend is your friend!...
RSI over bought, MACD shows little divergence, Aroon shows volatile (unreliable indicator in this case), little downside (broke support).
with big gap to fill below, but reports earnings 2/3 after the close