It’s been a while since we looked in on this stock, but its resurrection from the ashes has been most impressive — spectacular, even. Notice that even after quintupling in price in a mere nine months the stock is not even breathing hard. As much is clear in the ability of May’s big thrust to push past a daunting ‘external’ peak at 241.88 on the first try. The subsequent correction is already sufficient to trigger a fresh ‘buy’ signal, which occurred Monday at x=228.21. Camouflageurs should use June weekly calls if day trading, or raw stock if you’re able to hold theoretical entry risk to no more than 15 cents per round lot. ________ UPDATE (June 21, 3:22 a.m. EDT): I just noticed that, on the 180-minute chart, Wednesday’s high failed by an inch to surpass a key high at 235.96 recorded on May 28. This warrants caution, and even ‘camo’ traders should be careful to climb aboard only if the opportunity looks perfect. _______ UPDATE (July 1, 2:55 a.m. EDT): Hidden Pivots aside, traders should look to the trendline (see inset, a fresh chart) to provide a buying opportunity. If you’re wary of missing a turn from somewhere above it, the 30-minute chart has enough ‘external’ peaks to prevent the attentive trader from being left behind. _______ UPDATE (July 8, 3:08 a.m. EDT): The stock has taken flight again without having gotten near the trendline. Current target: 233.28, subject to midpoint resistance at 225.64.
