Check out this similar action from May. Notice the angle and the width of the MACD compared. Also notice the bearish crossover in correlation. Notice the price reaction after the May occurance. With the CC on the way, a definate case can be made for a reversal, and little downside pressure from here. Then up and steady into the CC, with maybe 2-3 really big updays to take us back to the .75 to .85 area right before the call. Depending on the call, as you saw by last CC, there was a case to hold gains by what was heard from the Q2. See how it goes. $1 is not out of the question on this run. Will it hold? Probably not, CC would have to be outstanding.