HTCR has a low float of fewer than five million shares and it traded over 85 million shares yesterday.
The stock gained over 160% after announcing earnings.
It failed VWAP yesterday afternoon but then formed a support level. If this holds up today and consolidates, it could be a potential squeeze candidate heading into the end of the week.
I think it needs to at least be over $3 before shorts start to get nervous.
AVRO was one of the big spikers on Monday. It's not a low-float stock — it has roughly 40 million shares in the float…
But that could make it even more appealing to short sellers.
The stocks gained almost 120% on Monday after announcing an agreement to sell one of its gene therapies for $87.5 million cash.
The stock couldn't hold all of its gains on Monday. But the big gap up on the daily chart and the fact that this has held up and consolidated for two days makes me think it's full of shorts.
This could have the potential to squeeze and break out later this week. It looks like it's setting up for a potential day-three surge. And shorts will probably get nervous around the $1.50 to $1.70 level.
But it will need volume to be able to have a big move.
Have a great day everyone. See you back here tomorrow.
Tim Bohen
Lead Trainer, StocksToTrade
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