Technical Summary: Beautiful chart from V. The 1 year chart looks just like the 5 year chart. The stock that has tremendous fundamental tailwinds has consistently driven its way to new highs. The stock is a trend followers dream, a constant trend with very little volatility. Investors looking to time the market can look for pull backs to the 50 day moving average as a buying opportunity. But the stock
is in no way overextended and investors may just find it easier to jump on the trend. Investors may also decide to average into their position as the stock goes up by buying each time the stock its a new high. On the chart above we have marked with a blue arrow each time the stock has hit a new high. While a past trend is not necessarily an indicator of future returns there is no technical reason for it ending at this
juncture. Investors then should be happy to buy and hold until the character of the chart changes.