Sometimes it marks a halfway move. In this case though, I think it indicates a short-term top. The stock is some what over bought. Stochastics have topped and are starting to turn. The stock broke above and closed above the upper Bollinger band. Looking at this pattern, it could retrace a couple days or so and form the handle of a cup with handle pattern. The chart is great, the stock is just a little over bought. It will be interesting to watch.