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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