A technical look at the stock
rallied from $18.56 in March 2020 to $129.98 in September 2021 , then reversed and declined to $73.74 in March 2022 . From there, it settled in a wide horizontal trading range mostly between $79 and $108 .
The recent rise above the top of this range signaled a breakout and the start of a new uptrend toward higher targets . Behaviour indicators including the rising 40-week Moving Average and the rising trendline confirm the bullish status. A minor correction toward $108-110 would provide a better entry. Only a sustained decline below $100-105 would be negative.
Point & Figure measurements provide targets of $125 and $135. The large trading range supports higher targets.
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