Pivot Point: (64.30).
Favorite scenario: Entering long positions above $64.30, with $72.00 as an initial price target.
Alternative scenario: In case the price drops below the level of $62.95, you can enter into short positions with setting $56.00 as an initial price target.
Comment:
The stock is breaching the important resistance level of $64.30, therefore we recommend opening long positions to target the next resistance level of $72.00. In the event of a decline below the support level of $62.95, the previous analysis is canceled and it is recommended in this case to open short positions to target the next support level of $56.00.
