Very bullish flag break out today on SDL. This is looking very strong from a technical perspective.
Pretty much a text book pullback and consolidation of the recent run, with the stock nailing the 50% Fib retracement.
Some nice accumulation looks to have taken place in the 22.5 to 24.5 cent level, a breakout of this range today should see traders all over this tomorrow if the markets stay relatively calm. Daily Stochastics have alleviated an overbought condition and have flicked back up, suggesting the momentum is now to the upside.
Looks ready to go again.
SDL Price at posting:
25.5¢ Sentiment: Buy Disclosure: Held
