No replies to this topic

[Costa]

Wednesday's high volume breakout, could be the start of a nice squeeze higher for Lihua International Inc (NASDAQ:LIWA). Over 7% of float is short (15 days to cover). The stock had a large spread and volume, successfully breaking several resistances lines at 5.21 and 5.37. Also worth noting is the stock price which is now above all major exponential moving averages. Looking at the technical indicator MACD, the MACD is now above the zero line and the AC/DT is turning UP, both signs also indicate strength in the stock. Look for a quick run to $5.9 then on to $6.45

Stocks to Watch for October 17, 2013