A technical look at the stock
rallied from $17.47 in March 2020 to $44.53 in September 2021 . The price fell below the 40-week Moving Average in early-2022 to signal a reversal of the rising trend .
The stock retraced about one-half of the 2020-2021 rise and then stayed in a horizontal trading range mostly between $31 and $36 for about eight months . The recent rise above this range suggests a breakout and the start of a new up-trend toward higher targets . A sustained rise above $36-37 would confirm it.
Behaviour indicators including the 40wMA confirm the bullish status. There is good support near $34; only a sustained decline below this level would be negative. A rise above $36-37 would signal an initial Point & Figure target of $43. Higher targets are visible.
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