The longer it trades in this band the greater potential for a strong move. If you follow some of the great charting work of robbbbb you'll be familiar with how he always points out the repeating ranges.
The obvious repeating range of SXY is the 80 cent move early last year. That would take it to ~ $1.50. It seems hard to imagine. But when a re-rating comes along for a 'star' stock like Senex, and the big money comes in, then anything is possible.
SXY Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held
