Buying with volume and price increase confirmation on 10/6

UPDATE: Took no position as this gapped up and moving down with light volume. Will evaluate at end of the day (10/6/14) to determine if downtrend is reversing. At end of the day price closed nearer low of the day than higher of the day. Will buy once Stoch. is aboe 20 and RSI continues up

Going long for a quick move to resistance at 8.37. Looking at .10/1.26% risk vs. .38/4.78% reward. Daily shows a Bullish Engulfing candlestick but caution is required as volume was lower than last three days.