Counting the advance from the 2016 lows (US markets put in a low in 2016) the move can be counted as a clean looking impulse wave (5 wave advance). So I suspect its closing on a peak for wave [5], it needs a strong reversal back under 75.00 to consider further weakness and make the case wave [5] has ended. So if you own this stock I would recommend you lifts stop to 75.00, that way you can protect any gains you may have and not suffer a serious drawn down.

There is a measured move target just above 86.00, thats a good area for the upside to find sellers.

Do you have a stock that you want evaluating? Purchase a consultation call and get an independent review through the lens of Elliott Wave. With the US stock markets vibrating around the previous all time highs, it may be prudent to think about protecting any gains you have.

Click here to purchase a consultation call CLICK HERE

Click here to purchase a Elliott Wave report CLICK HERE

Note: If you are a member,  you can email me or send a tweet for an update if you are thinking about trading this stock.