How soon might Axcelis attempt another run? If you look at the daily chart, it could come at any time.
On this time frame, you can see how the stock keeps building out floor after floor on the way up. A stair-stepped rise is always preferable from a longer term trading perspective. Stair-stepped gains can be maintained and expanded upon over time without huge whipsaw pullbacks. So far, this is what Axcelis keeps giving shareholders.
Given that the stock has been building out the current floor for five weeks now, a breakout of the current trading floor could come at any time. Yesterday, volume expanded once more as the stock pushed higher. I continue to add to my existing position on dips as a result.
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