It really looks overextended, but against SPY it has some meaningful supports on monthly chart and it looks like it wants to break higher: 0.382 still acting as support, around 50 this one could become a nice buy IMHO. GLT
nikop
⋅
very interesting chart, thx. SXI has the biggest probability of 1500 stocks for a decline, regarding my system. ...why?
1. short interest of the free float is extremely bearish at the moment
2. short interest of the averge trading volume
3. P/C open interest
4. P/C volume
or in simple words: everybodys is long, nobody is short in SXI.
regards
niko
Short interest as a % of a stock's average trading volume
Short interest as a % of a stock's total float
Put/Call open interest
Put/Call volume over the past week
piloteiat
⋅
Thank You. Will watch it closely next week - also think that it is good for ABC correction, if it can not recover above 62 or fals again below 61 this one could be a nice swing short.