As can be seen from the chart (below), the stock is trading at its all-time high, just a few cents below $79. The price has jumped by 160% to $79 from $30 since September 2011, with an upward trend that has followed both the 200 day moving average and the 100 day.
Since February, the price entered a trading range between $73 and $79. Now is a good time to buy as the moving averages will soon force the stock to choose a direction.
This article is commentary by an independent contributor. At the time of publication, the author held no positions in the stocks mentioned.