Atlas Cycles is in a strong uptrend: Ashwani Gujral

Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, talks to ET Now on Atlas Cycles.

ET Now: What is the call on Atlas Cycles?

Ashwani Gujral: Atlas Cycles is a good stock because it really is in a strong uptrend and keeps moving higher, has been moving up vertically. So from 275 to 475, it has moved in really 15 days. So you need some kind of consolidation to buy into this one but I do not think I would immediately get into this but obviously this is in a strong uptrend, it is moving up on huge volume. If you are into this, probably maintain a trading stop of about 400.