Why would I jump into a stock thats more than doubled in the last few weeks?
Its in a pull back now, as its been on quite a nice run, but I'd wait for the indicators to indicate its going to not only hold these gains, but also turn back up and move higher.
If the RSI holds 50 then it will likely bounce up and keep going. But if it breaks through and falls below 50, then I'd be inclined to think its going to give back much of its gains.
Either way, it looks interesting and will definitely keep an eye on it. But its simply not a typical Top Gun setup, as we prefer stocks in the Gutter, not in the Stratoshpere...lol
Good Luck!!!
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