Acme Packet (APKT) has come off of its intraday high of 36.07 along with the overall market. My stop is at 35.19, which is at the lower end of the near-term breakout-support zone.

My intraday profit target of 36.19 represents a climb into key near-term measured swing and resistance targets.

 

Mike Paulenoff is a 26-year veteran of the financial markets and author of MPTrader.com.