Take a look at this 5 minute chart of TMO (Thermo Scientific Inc):
1) Price is wedging
2) The Accumulation/Distribution indicator is a Rocket Ship
3) Decent Volume in the stock
4) Higher Lows this week for price
I am currently long the stock but see a similar pattern in it today that I have seen in a few others that I sold (the “simmering” disease). I have a trail stop at 56.80 on the balance so I will let the market decide for me on this one.