currently this stock has a relatively strong channel from about 20 to 23.50. Over the past week the short interest has been unusually high as well as the volumes. I look for this stock to move to the 20 range short term however, with earnings on the horizon I would not be surprised to see it around 23.50 by early November.
Due to the downward channel our best guess is that price will descend. medium term range that could last several to a couple of weeks. What makes this attractive is the overall risk reward factor.
Trevor Nelson SR. Analysis