no one is offering shares for sale. Insiders can't sell until earnings are announced. If someone wants in or a short wants out, this will see a rapid rise
db: when do you think the dividend will be announced? this week?
And, do you think the announcement will push the stock higher?
historically, it has always been next week (even though I think they should do it earlier)
it almost always does push it higher. It seems the last few pre-div announcement times has seen a stock push. That may be what we are seeing now.
We are now above a 9 year high. The next resistance point is $22.30 which is an intra-day high in 2005 right after a secondary offering