Technically everything is pointing for a pull back here. Stock had gone virtually exponential so a small pullback is healthy. Look for 13.5-14c to hold which would be last relative high to hold and same size pullback (in % terms) as the Dec retracement. Would be healthy for some of the averages to catch up as well.
Need to be brave to trade this one. Getting too cute here, especially for LT holders, could end in tears. For those looking to get in, risk/return is against you here. Better off waiting for the retracement to finish then buying on the first sign of a move back to trend IMHO.
SEH Price at posting:
15.0¢ Sentiment: LT Buy Disclosure: Held
