Why waste so much energy on these theories? I see a stock that was up over 10% last week on record weekly volume, and there has been a nice follow through rally this week.
It boggles my mind that people make trading so complicated.
crush - I don't follow that indicator much, but some do and it's always good if all of the moving averages are going up. I don't want to put a price target on the stock. What's more important is that the big volume a few weeks ago and this week is indicative of institutions buying, and once they buy in to the story and chart builds momentum it will attract momentum traders.
Fantastic idea! I work for a company that started paying a 4% dividend last year and our stock is up over 100%. I have no doubt the the majority of the appreciation is due to the dividend. CALL certainly has the cash flow and balance sheet to pay a dividend and it would definitely cause pain for the shorts.
Buy signal generated today (close above 4 day ema). Should close the week strong and next week $21 is in play.
Once the institutions buy in to the story and the stock becomes a momentum stock then valuation is virtually meaningless. Many momentum stocks like TSLA are priced on earnings projections 5-10 years ahead.
Massive rally in biofuels day (kind of ironic as SZYM is now being recognized as not being in that sector).
BIOF up 80%, PEIX up 60% today...crazy.
I run a scan on Finviz to find stocks that have an RSI of 70+ and short interest of 20% or more...those typically are stocks that do very well. My squeeze scan.
Why would anybody want to be short SZYM knowing that Moema will be announced soon, especially after how the stock reacted to the Clinton news? Smart short are covering now.
Charts don't lie, people do (except for Tebow, of course).