ABEO: After hitting a high of $23.00 the stock has been consolidating in a base pattern for the last 3 months between $14 and $17.75. The last 3 days the stock has been up strong after holding support at $14.25. It needs to get through $17.75 with volume. But if it does then $20.00 and $23.00 are price targets. Short ratio, 5.2 days to cover.
ADVM: Stock had built a base around the $2.50 range for the last year and early this year started trending up. The last week it has accelerated, spiking to a high of $6.80 today closing at $6.45. It is approaching resistance at $7.50 so may need to consolidate in here as it has had a big move. But through resistance at $7.50 and I would look for $11.00 as the next target.
CBIO: Stock continues to trade high with strong momentum. After our alert at $16.00 the stock traded as high as $27.00 today closing at $26.65. It is trading at the top of the up trending channel after being up 8 days in a row. It is approaching lateral resistance at $30.00 as well. It probably needs to consolidate in here but I don't think this run is finished yet.
CENX: Swing trade CENX ($20.50 entry) continues to trade higher in an up trending channel. But it is now at the top of the channel so may pause in here. It traded as high as $23.94 today closing at $23.80. If it does accelerate from here then $26.50 and $29.50 are price targets. Short ratio 4.4 days to cover.
HBIO: Sock I wrote about recently continues it surge trading as high as $4.85 closing at $4.73. It is approaching resistance at $5.00. But through that and $7.00 is the price target. Short ratio 9.8 days to cover so shorts may get squeezed in here.
IOVA: Stock had a strong follow through from yesterday's spike high trading up to lateral resistance at $14.85 and closing at $14.65. If it can get through today's high, I would look to go long with $17.00 as the price target. Short ratio, 6.7 days to cover.
ITUS: In October last year the stock spiked up to $5.00 and then formed a wedge over the next 2 months. Early this week it popped out of that wedge and has been up 4 days in a row now. It traded up near to lateral resistance trading to $6.43 before closing at $6.10. It needs to get through $6.85 with volume. My price target would be $9.00. Short ratio, 6.9 days to cover.
MNKD: Stock broke out of a long wedge pattern today trading through two levels of resistance and trading as high as $4.05 before closing at $3.80. Next resistance is at $4.50 and then as a swing I would look for $7.00. Short ratio, 6.4 days to cover.
that is correct
Awesome Bob! Thank you so much for the help!
Do you have a specific place to find the 100 day average?
Most financial sites normally calculate the short interest ratio. If not, just use the average volume shown on a site like yahoo finance or finviz
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