Air Methods Corp. (AIRM) has just reached a 6-year high, closing at $5.49, and appears to be breaking out from its multi-year basing pattern (multiple highs of $5 3/8). There's some additional resistance at $5.75-6.00, but the chart shows some nice accumulation on the recent rise.

Any thoughts from more experienced TW traders?

I bought during the summer at $4. We shall see

I agree with your thoughts, never know till taking profits though.

Dave

I agree that AIRM is ready for its breakout. I've owned this one for a while waiting for the uptrend. I particularly like the inverted head and shoulders bottom which bottomed out in April 2001. This should have been the last straw to get the weak shareholders to sell. It is currently at its resistance level of 5.25-5.50. I expect it to accumulate here for a couple of weeks, then hopefully continue its uptrend which started in April. I am looking for a price of at least 10.

Make that a 7-year high as of 12-7, closing at $5.82 with an intraday high of $5.83 (and on > 3x average daily volume). All highs on the long-term channel from 1995-2001 have now been broken. We'll see what Monday brings.

Due your own due diligence.

It seems to me that we ought to be looking for much more than 10 on this one.

AIRM is definitely on my TW watch list, although I'm not in it yet. It looks a little bit early.