Pivot point: (53.00).
Preferred Scenario: Entering long positions above the $53.00 level, with $64.00 as an initial price target.
Alternative scenario: In case the price drops below the $51.26 level, you can enter into short deals with setting $46.50 as an initial price target.
Comment:
The stock has breached the important resistance level of $53.00, therefore we recommend opening long positions to target the next resistance level of $64.00. In the event of a decline below the important support level of $46.50, the previous scenario is canceled and it is advised to open short positions to target the next support level of $46.50.
