1. Let us see how the shorts and options react?
2. Can it make a new High?
3. Is it a new trend?
Settlement Date Short Interest Avg Daily Share Volume Days To Cover
6/28/2013… 8,398,474….. 5,098,781…. 1.647153
6/14/2013…. 7,903,388….. 4,796,487 ….1.647745
Sentiment: Strong Buy
I think we will see new highs - Financials are on Fire - Div Yield will bring more buyers - Will see 30 this year
Earning is excellent, but early morning stock is stuck between 22.45-22.50 and volume is 100,000. There was lot of option activity yesterday and 22 options which expire tomorrow were 35 cents.
I have my doubts why stock is not gaping with 20 cents up move and volume above 250,000.
It is a intuitional stock so the until the opening it is very difficult to predict.