$SDC Climbing As Shorts Cover

16 בינו׳ 2020

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!