Cedar Fair (FUN): Typical range-bound stock

Cedar Fair is trading in a range between approximately 49.50 and 52.50. The stock is at the tail end of a two week down move and is currently trading at 50. The MACD histogram is beginning to trend higher and the stock seems poised for a move to the 51.30 area at the very least. A reaction move higher seems due (worst case scenario) and there is also a possibility that the stock goes back to the top of the range (52.5).

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