The stock is in an uptrend in the short termPrice Action :
The price recently bounced off the lower Bollinger Band, suggesting it may have found support near $49.00.
Bollinger Bands :
The price is moving towards the upper Bollinger Band, indicating bullish momentum.
Volume :
There has been a slight increase in volume accompanying the recent price rise, which can be a bullish sign of commitment from buyers.
Key Support and Resistance :
Support: Around $49.00 (recent low and moving average level).
Resistance: $52.00, which acted as a resistance level previously. A break above this level could trigger a further rally.
Trend :
The short-term trend is bullish, as the price is climbing steadily towards the previous highs.
Conclusion :
The stock is showing strength as it approaches a key resistance at $52.00. A breakout with volume would be a bullish signal for further upside. However, if it fails to break this level, there could be a pullback towards the $49.00 support level.
