This stock is exhibiting the exact characteristics I am looking for in a stock: a strong uptrend, a lengthy consolidation period within that uptrend, and a breakout to a new (all time) high on heavy volume.
Next:
This stock is also at a new all time high. In my view, once a stock makes a new all time high, the odds are it will make another all time high.
Finally:
I mentioned last week that the ETF VXX was doing a very poor job at following the actual VIX index. Well, I found this Ultra ETF that is doing even worse. The ETF above, which disintergrated by 96% in 2012, is making yet another all time low.
