ATML has now hit the third profit target (T3) for a 20.6% gain from entry and upon further review of the charts, I have decided to revise T3 to the final target (vs. the former final target, T4, at 9.45). This decision is based on several factors including the near-term overbought nature of the stock coupled with the overall near-term bearish outlook for the broad market. Longer-term traders planning to hold out for the former final target at 9.45 should at least consider raising stops to protect gains or maybe take partial profits. Updated daily chart above.
