Yes, that is the trend. Too many shorts piled in too early and this fueled the short squeeze. I don't expect the stock to go down any time soon. It first needs to flatten, which would show that shorts are finally capitulating.
I think this is a good day-trade both long and short through next week. I fully expect Pandora to do something news worthy with the money they have raised.
nose bleed market levels don't go away without some sort of triggering of a market sell off, earnings will be the time to reverse this market pump, all good news in the market already priced in, last gasp to sqeeze the shorts to captulate is runnng the course for few more weeks