It's got about 42% shorts who are in for a rude surprise, if they already haven't gotten the message.
The stock has risen about four dollars since the announcement of the special dividend.
The co is running flat out six days a week all year long. The co has four mini manufacturing centers that are coming into fruition and full effectivity in 2013. Reusable stock should be available 2013-4 in the production of new product all next year--efficiencies have a way to grow. The gun business is booming for a variety of liesure industry, socio economic and 2nd Amendment reasons. Engineers are producing new designs for offer on a flexible time table. The stock has already backed off in correction mode and reversed, yet is still off it's $58 dollar high. Targets for stock price are now $60 levels, pre special dividend advisement. PE is 17.
Ought to breach old highs before year end in most folks minds my assessment.
Price breeched upper channel boundary in the first half hour of trading at $53.55 and made a high on the day of $53.95 and then closing back inside the channel.
If the stock closes outside the channel on Friday, low volume or not, it will constitute a technical breakout which should trigger algo buying next week, accelerating the short squeeze and bringing in momentum traders who will chase it higher.
Broke the channel top DECISIVELY on the Black Friday gap up, came down to test the top on Monday. Test held and now we're off to the races! Only technical resistance is the all time intraday high of $58.42 and closing high of $57.55.
"I love it when a plan comes together" - Colonel John "Hannibal" Smith, ca 1983