We have officially gone long Gander Mountain with our limit order being filled at $5.
Currently we are brushing up against the 39 day moving average which is strong overhead resistance. Closing over this level will be a big plus for the long side.
One concern I do have is that this breakout move has been on very light volume and typically it is hard for a stock to hold its higher levels with no volume behind it. Because of the light volume I am running a very tight stop on the trade at $4.70.