Today's volume was the biggest ever in the stock. Do not be confused by what appear to be higher volume days in August - those volume levels are adjusted (doubled) to account for the 2 for 1 split that became effective the morning of 9/14.
The stock has pulled back after every major volume spike: 3/18, 5/3, 8/3, 8/17, 8/23, 9/8, and 10/15 (the previous actual all-time high volume day).
The extent of the pullbacks (intraday high to intraday low) after each of those high volume days were, respectively and approximately: 41%, 18%, 33%, 21%, 21%, 28%, and 17%.
The average pullback was ~25%, which would equal a pullback to about $67 from here. That figure would also come close to corresponding with the 10 day MA of ~64 5/16, and the breakout high of 64 7/8.
Of course, a sharper than average pullback is probable given the intensity of the recent surge, the shallowness of the last pullback, and the high probability that most shorts have finally capitulated in the past three days.
At today's high the stock was trading a stunning 39% above its 10 day MA. It was trading ~45% above its 10 day MA on 10/15 before it began its pullback the next day.
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