Anyone else in on SAP? jumped 12% today and this is rather a big jump for a single day (considering the last 6 week trading conditions). Has been trading under 21 for a while, just barely broke through mid march but since then seems to have struggled to get above 21). Any technical gurus got a directional pointer? I am in for a long call but think the run is likely to slow and reverse slightly in the next day or two, especially considering the long week-end again.
Trading in a range, I'd say upper range. I held this many times, in and out, Sappi is historically a very volatile share. Market drops it will come down to 15 then 13 again. Market goes up, it breaks 21 all hell can break loose here, 25 then 30 maybe more!