TradingView
InsiderFinancial
Jan 16, 2020 5:46 AM

$SDC Climbing As Shorts Cover Long

Description

SDC is a heavily shorted name with plenty of bears. While we aren't going to get into the bull/bear battle over its business, current price action favors the bulls. We think SDC can easily squeeze to $18 a share. Currently, 21% of the float has been shorted. Watch yesterday's high of $13.88 for confirmation of going higher. The trade should work out immediately if triggered.

As always, use protective stops and trade with caution.

Good luck to all!
Comments
Saeed966
Very good
InsiderFinancial
@Saeed966, thank you!
More