Technical Summary: The long term trend for EBO is up. The stock has found its way consistently to new highs over the last five years. For most of the last year however the stock has been trading in a consolidation period. This was at least until the last couple of trading sessions where the stock has broken out to new all time highs on a big and textbook breakout. This was on the back of a fundamental update from the company. It appears that the market is stuggling to price this in as the stock has been gapping up and has been bought higher throughout the trading session. 15
From a basic technical analysis perspective the stock is looking overextended at the current juncture. However the power of this move and the preceding consolidation period means that it would not be a surprise if there was further upside. It would not be surprising to see a little pullback or consolidation period before further upside.