Technical Summary: What a stock, especially if you have had the minerals to hold on to it. In our 5 year chart the stock has appreciated from around $23 per share $278 per share. This translates to a 12 bagger in 5 years – an acceptable return for most investors. This grind higher has accelerated in 2018 and despite our positive feelings around the stock it is difficult not to look at the chart now and not say it is overextended. The stock gapped 10% higher on a recent earnings update. It could be argued that heading into earnings the stock was already overextended – it certainly is now. Long term holders from $23 will probably be unconcerned (it is not the first time the stock has become overextended). But there will be traders and investors that will be looking to no doubt take profits here. For this reason we see it as dangerous from a trading or an investing perspective to initiate a new position at this juncture.