LWSN

It is hard to see on a 6 month chart, but LWSN formed a classic double bottom base, with a breakout point at the middle line. It did break out in April, on high volume, then pulled back twice to test the breakout point. What is really amazing here is that the price relative line was rising, even with a couple of really scary drops, before the 50dma served as a lauch pad for the current move. This is a very strong stock right now, but is facing some stiff headwinds in a weak market.