This stock also appears to have made a 1-2-3 bullish reversal over the course of the last seven trading days. A 1-2-3 bullish reversal is equivalent to a double bottom with the second bottom higher than the first. In the case of UPL, the first bottom is $35.11/share. The peak between bottoms is at $52.05/share and is also the price that will be used to signal a breakout. The second bottom is $11.72/share. The closing price today is $51.2/share signaling a breakout. The expected target price is about $63/share. Definitely, a short term play for now.
