What's not to love about this stock?
Down $5.78 last Tuesday, up $6.62 today (to $154.11)
There is a fly in the ointment though: Volume.
The sellers are hanging small offers over the market, making the buyers jump for the pick-off.
For some reason I am reminded of the story of the Fox and the Grapes.
Volume today is only average, 1.15MM with 33 minutes to go vs. the 1.34MM daily average.
That said I would not want to be short as we approach the Q4 and year-end earnings report, we may just see a new version of the run-up into earnings/fade (mystery/history), perhaps a run-up followed by a further move up.
Goldman's $165 target may prove to be conservative.
