Price has twice bounced off support at around $93-$94 forming a double bottom pattern. This generally signifies the end of the prior downtrend and the beginning of a new uptrend so it looks like a good time to go long. Price has also just broken past resistance at $96, relatively easily, and there is a bullish crossover on MACD. Despite the strong technicals, this is a risky time in the market, especially with FOMC coming up in 2 days, so I would keep any position light. PT#1 is at $101.50 and PT#2 is at $106.50. Place a stop loss right under $94.