This stock has surged in recent days amid HEAVY volume and closed the week above its 100-day EMA for the first time since April. With almost 62% of the float short or 5,567,300 shares, I think this stock is due for a big move higher. On the technical side, the short-term daily chart remains bullish. The stock is trading above its 20-day and 50-day EMAs but slightly below its falling 200-day EMA. Plus, the MACD is positive and rising. If the stock can break through $14.49 resistance, we should see another strong upside move. BTH will move very quickly, so watch the stock closely next week.
Stocks to Watch for September 30, 2013
Blyth, Inc. (NYSE:BTH) A short squeeze on the horizon ?
Started by
Costa
, Sep 28 2013 05:14 AM
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#1
Posted 28 September 2013 - 05:14 AM
Costa
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