Technical Summary: ELD presents an interesting chart on the one year time frame. The stock started with a slow moving uptrend before a healthy consolidation that was characterised by a contraction in volatility and volume. The stock then provided an obvious buy point before exploding to the upside. Trend traders should have been able to get out when the stock got overextended. The stock then pulled back significantly to an area of prior consolidation. Before reversing in a V shaped pattern to the upside. More rencently the stock has exploded to 5 year highs on the back of a positive earnings update. The stock now sits overextended. Traders may look for a small pull back before considering a position.