Topping Tails on the horizon

One of the stocks enjoying a massive push up in June is $PCYC. However, here is a quarterly chart to show where there may be some trouble ahead for the Bulls:

One thing is for certain – there is no disputing the volume on this up move in 2012 so far. Even the CMF indicator shows a steady move up. Just keep in mind the area of the Topping Tails and also note that there is very little Volume at Price in the box as well.

$86.38 is your all-time high and is just under that $90 price target put out today. Oh boy.

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