now at $90.44, this stock hit $85 in January and traded essentially sideways until 9/11/06 -- where it then pushed up to $92.35 on 9/15/06... since then it has been in a gradually down consolidation. this forms the first bull flag after a breakout...
The stock should at least re-test up to the highs and perhaps have another leg up... either way -- this seems like a safe way to park money in the near-term. 5 of last 6 price bars have been red so my bet is it rallies up +$2 before it drops $2... I put odds of this at something around 70% so I believe this is a +EV trade...
$90.43 (09/27/06)
