As a blue chip, this counter is probably a laggard. Prices are only just challenging resistance at $6.30. The still-falling 100-day moving average is at $6.33. Volumes are picking up, and have shown significant increase since the moribund days of December. 

 

Quarterly momentum is attempting to hold on to an upside break. If it manages to do that, prices could try to break out of the $6.30-to-$6.33 resistance area. A successful break indicates a target of $7.20. The fail-safe level is tight, at $6.25, below which the downtrend may continue.