You would think after a hundred new 52 lows this would bounce hard. I'm very shocked it hasn't bounced to 6 yet. I guess the shorts are waiting for another big drop before they cover. I really wished I knew what they know that makes them so persistent.
JPMorgan upgraded Arcos Dorados Holdings (NYSE: ARCO) from Neutral to Overweight with a price target of $14.00 (from $13.00). It should enter the $12 range soon.