Many of you know that one of my favorite bullish setups is a stock making new all-time highs, with $100 per share within our sights. So many times stocks are attracted to that big round psychological number. It doesn't make any sense (like stocks rallying on the announcement of a stock split), but we don't care. It's something we've observed time and again and betting on a stock getting there is practically money in the bank.
While $100/share is typically where we see this behavior, the same principle holds when a stocks approaches $200, $300, $400, etc.
With this in mind, a stock mentioned in recent Under the Hood report is finally popping today and we're getting involved.
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