I woud wait for an end of week close above $27 before I waded into this one.
Tread warily with NCM - it has turned and bitten me hard on more than one occasion. There are more predictable stocks to trade but the big rewards could come if one gets this right.
That said ... dunno if I would have the guts to go long NCM above $27. The theory says 'yes' but the gut says 'caveat emptor'.
At the moment it's all academic ... but once we get a Friday close +$27 its decision time come Monday morning.
Good luck.
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