$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!
As always, use protective stops and trade with caution.
Good luck to all!
To receive our alerts via email and SMS, join Insider Financial for Free at signup.insiderfinancial.com
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/
We are not financial advisors. Always conduct your own research and read our full disclaimer at insiderfinancial.com/disclaimer/