ERB poised for a breakout

ERB is hovering around the support line of 2.62. Earnings are due any day from now. If you follow the trend, it can shoot up to $4 easily with some positive catalyst. I will be watching that support line (2.60) closely. If it breaks then watch out for further downtrend which will give a good buying opportunity. I do not think it will break support but will jump right off it and run to next resistance of 2.94. Next week should be exciting for ERB

#erb