Apogee Enterprises

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Nearest Resistance: $13.60

Nearest Support: $12.50

Catalyst: Earnings

Glass maker Apogee Enterprises ( APOG) announced its fourth-quarter numbers after the bell yesterday, beating analysts' profit estimates for the quarter, and hitting revenue expectations.

Despite the positive earnings numbers, shares are struggling to catch a bid today, down nearly 2% as I write. The wide range that shares have seen today indicates that there's some investor ennui taking place in APOG -- but the technical picture is more telling.

Today's price range (or, more precisely, the real body on the candle) has essentially spanned the gap from support at $12.50 to just shy of resistance at $13.60, which means that shares are still being obedient to the technicals.

I'd recommend waiting for APOG to exit that range, then placing a bet in the direction of the breakout.

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