Let's take a look at a very important confirming signal -- the Transportation average.
a.) Prices broke an upward sloping trend line.
b.) Prices consolidated along the 10 day EMA
c.) Prices broke through key resistance levels and have since gapped higher on strong bars
d.) The EMA picture is bullish -- all the EMAs are moving higher, the shorter EMAs are above the longer EMAs and prices are above all the EMAs
e.) The MACD has given a buy signal and
f.) Money is flowing into the stock.
