Recent trading and stock priceThe stock chart looks enticing to take some profits though I'm holding. A strong breakout after superior earnings. Though in absolute terms it's not that out of the ordinary. The stock has now broken strongly out of its $30's trading range since 2016. Only up around 15% since the breakout. Could be signaling overbought but I'm not selling. Fundamentals imply this stock can still go much higher. It could correct back down which I would consider a good entry point or re-entry point if you've sold. Day trading would be a fools errand. I suspect the next gap-up will put us into the $50's.
Any potential acquirer is likely now taking a hard look and wondering if they should pull the trigger before the stock runs away from them.