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GRPN Strong Day Breakout Watch To New Yearly Highs

|Includes:Groupon, Inc. (GRPN)

GRPN is moving higher on good volume today, watch for breakout above 9.37

VOLUME 12.37mil shares, +7% compared to typical volume of 11.56mil by 3:05 pm ET (15-20 min delayed).
Typical daily volume is 16.05mil shares over the past 6 months.

Breakout Details

BREAKOUT WATCH for possible breakout above 9.37, no resistance in area just above.
Type: True breakout from double resistance.
Target: 10.83, 17.5% Stop: 8.73, Loss: 5.3%, Profit/Loss ratio: 3.3 : 1 - Excellent

Support and Resistance

CURRENT PRICE 9.22, at resistance, 9.06 ± 0.3, type double, strength 4
RESISTANCE ABOVE None.

GRPN chart

GRPN breakout chart

Source: http://www.stockconsultant.com/consultnow/basicplus.cgi?symbol=GRPN

Stocks: GRPN