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JEC Long Swing

When a stock 'pops' on a miss in earnings, it raises my curiosity.  Our prior trade in Jacobs failed however I think investors were waiting to see if JECs restructuring was beginning to take hold.  Today's big move would signal to me that yes, investors liked what they heard.  25% off of it's high, Stearn Agee and CS still have price targets of $72 and $61 on this name respectively.  I like this larger wedge breakout w/volume.  Chart self explanatory other than to say I will take partials at the fib levels shown.  This long swing time in the market 3-5 months with downside clearly limited.  See that overhead gap in green?  Yeah, let's go fill that.

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