$FCEL earnings beat + short interest = squeeze!!
$FCEL recently released ER with 25-30% beat on EPS and revenue. First surprise in a while!
The ensuing volume was very high, reminiscent to when the stock made a run up to $30.
Beaten down, oversold, and ready to go!
Furthermore, we have a 16.81% short float. Based on price action, it seems the short squeeze may already have begun.
Today’s price action shows a lower gap fill, offering an excellent price and risk/reward. My near term price target would be at least $11.20 as there is a higher gap fill there from June.
Of course, a short squeeze could take the price much higher than that. 🤑🚀
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September 15, 2021 at 09:59AM