The last 2 days vae seen high of of $27.63 and a low of $26.67 on a 5 minute chart. A 50% retracement was $27.15...we just hit it. Expecting morre selling going into the close. This has been a real tug-of-war as longs & shorts battle going into the earnings report on Monday.
I think you are right. There will be an attempt at a short sqeeze before the bad numbers come out to shake off the weak shorts and let the institutions lighten up on their piles of stocks. Should be an interesting couple of days.