SPR retests $50

I last looked at SPR in February when price broke out above the December 2014 high. At that time I was waiting for the earnings announcement and to see how price reacted to the $50 half-figure.

Price has continued to move upwards and the trend is beginning to look good. The latest earnings announcement saw price pullback to below the 50sma and retest the $50 level again. However, this pullback was not too deep. Now this period is passed - and a good trend has already begun to emerge - this is a stock for my watchlist.

Market conditions are not yet ready for me to look for new positions right now. However, the same stocks keep cropping up because their trends are stronger than the overall markets. Therefore it is likely that I will continue to occasionally revisit the same charts until we get some more decisive market movements.