EW just ripped from the low 70s to 87 in the last couple months, and I don't think this move is finished yet. Normally I'd be wary jumping in after a run like that, but the way it's been grinding higher off that March low is telling me there's real accumulation underneath. A few weeks of consolidation, and now we're seeing higher highs again. The uptrend is alive and well.

Momentum aside, the underlying story matters too: the structural tailwinds for transcatheter heart valve procedures are strong, and EW basically dominates this space. Procedure volumes are growing, and hospitals aren't going to slow-roll new tech that saves them money and improves patient outcomes. Management keeps raising guidance, which doesn't happen unless they see visibility into demand. That's exactly what you want as this thing keeps stair-stepping up.

I'm watching the upcoming earnings call as the main catalyst here. If they deliver another beat or raise, the technicals line up for another breakout. The risk is that valuation is looking a bit stretched in the short term, and if they guide soft, we could see a pullback. But with this much momentum behind it, buyers just keep stepping in on every tiny dip.

I see this pushing to 101.10 in the next ten weeks, barring any macro rug pulls. There's going to be volatility, but if the trend holds, momentum chasers are going to keep piling in. I'm riding it until the tape says otherwise.