Bought back a nice chunk of shares in my favorite Medical Device company today. EW still has a bullish looking chart (Price above the 150ema and the 150 is still rising). It also found support at a very interesting spot today at the confluence of my dueling forks. It is now my single largest holding next to UNG, which is a short term play (EW may be short term as well but I like the setup here.)

EW has been a favorite of mine since 2001 when I loaded the boat between $3-$6 share (see second chart — a thing of beauty with price rising in tandem with the weekly 30ema)

I will sell quickly on Monday if it drops further but I am betting it will bounce here.

Screen Shot 2016-01-08 at 11.27.48 PM

Screen Shot 2016-01-08 at 11.34.45 PM