| A potential test of support lies ahead for the stock at the hand-drawn weekly uptrend line at the $22.70 area, which is also the 30-week moving average. A breakdown below this area would mark the first and only break of the uptrend line since March. To date, when the stock has made a touch at the line, it has lead to upside reactions that persist for some time. In the event of a break of the uptrend line, the following support levels could become additional downside objectives: $22.27, $21.63, $21.27. Resistance is currently at $24.30. :theflyonthewall.com |
