Long
$ZOES - About to Start Cooking?
1. Oversold RSI
2. 99.2% Institutional Ownership
3. 35% Short Float
4. Climactic Selling into weekly S2
5. Down 82% from June 2016
6. Bullish momentum divergence
The high tute ownership and accumulation with high short float makes this stock explosive. Given the sharp recent move down, it may need more time, but any bounce will cause massive short covering for an explosive trade. Trade idea is buy Sept $10 Calls @.60. We want to give this one a little more time to be safe.
2. 99.2% Institutional Ownership
3. 35% Short Float
4. Climactic Selling into weekly S2
5. Down 82% from June 2016
6. Bullish momentum divergence
The high tute ownership and accumulation with high short float makes this stock explosive. Given the sharp recent move down, it may need more time, but any bounce will cause massive short covering for an explosive trade. Trade idea is buy Sept $10 Calls @.60. We want to give this one a little more time to be safe.
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