Target is oversold and at a discount price. It is in a long uptrend on the weekly chart butit is in one of the valleys right now. This is a great buying opportunity with minimum risk and high reward.
Notice that both the MACD and RSI are showing a bullish divergence. This means that their lows are lower even though the stock's lows are higher.
I wouldn't think it crazy for a target of 78.
Before market close 9/12/13
HAPPY TRADING!!!
Notice that both the MACD and RSI are showing a bullish divergence. This means that their lows are lower even though the stock's lows are higher.
I wouldn't think it crazy for a target of 78.
Before market close 9/12/13
HAPPY TRADING!!!