Good morning, SqueezeFinders!
Friday's action on the $QQQ tech index was sufficiently convincing of a new push to all-time highs after we closed up 0.63% at 721.45 on some rising rel vol on the daily, and have begun pushing above 722 level in after-hours/overnight trading, which shows the bulls are fighting to establish a short-term uptrend. Unless we lose 705, we are fine to be cautiously optimistic. The main directional sentiment determinants today are a mix of further developments in the Middle-East (Iran/Israel, and Russia/Ukraine), and ongoing developments regarding handling all the issues oversea and domestically. This market is very dynamic and has been unpredictable as far as risk-tolerance goes, as one day we're running, and the next we're crashing. Stay tuned for what's squeezy. Regardless of broader market sentiment, you can always locate relative strength by checking SqueezeRadar to track irregularities in our data, and find winners you may not have spotted before without our scanners. Also, make sure to check out our newest tool (developed by me), "Dracula's Library"! This tool allows you to quickly gather information on recent catalysts, and analyst/Institutional price targets all in one small graphical interface on our platform, all powered by AI. Test out using the price gainer radar on different time-frames on our platform.
🥇 Gold: \~$4,410/oz (-0.4%)
🥈 Silver: \~$67/oz (-0.3%)
🪙 Bitcoin: \~$81.3k/coin (+1.2%)
🛢️ Oil: \~$93.90/barrel (-2.2%)
Today's economic data releases are:
🇺🇸 No major economic data releases scheduled today.
📙Breakdown point: BELOW this price, the move will lose momentum significantly in the short-term, as shorts will gain confidence encouraging them to short more. Reducing probability of a squeeze without a catalyst.
📙Breakout point: ABOVE this price, the move will gain momentum significantly in the short-term, as shorts losses will increase pressuring them to cover. Increasing the probability of a squeeze occurring, especially if with a catalyst.
4. $ALOY
Squeezability Score: 47%
Juice Target: 18.7
Confidence: 🍊 🍊
Price: 8.26 (+0..12%)
Breakdown point: 8.0
Breakout point: 10.7
Mentions (30D): 0 🆕
Event/Condition: Exclusive U.S. Army negotiations toward a long-term Enhanced Use Lease at Tooele Army Depot to develop heavy rare earth processing facilities on base + fully funded Saskatchewan Research Council processing and metallization upgrades plus a large cash position after the earlier private placement supporting the path toward defense-grade dysprosium and terbium qualification + partnership work toward a North American rare earth magnet platform spanning feedstock separation metallization and magnet production for defense aerospace and industrial customers + Recent price target 🎯 of $16 from Needham + Recent price target 🎯 of $19 from Roth Capital + Recent price target 🎯 of $18 from B. Riley
5. $ASC
Squeezability Score: 42%
Juice Target: 22.60
Confidence: 🍊 🍊 🍊
Price: 19.05 (+0.26%)
Breakdown point: 16.6
Breakout point: 20.2
Mentions (30D): 0 🆕
Event/Condition: Strong second-quarter results with a sizable earnings and revenue beat plus a $0.79 quarterly dividend consistent with the company’s payout policy + supportive product and chemical tanker rates remaining well above seasonal levels as inventories restocking longer-haul trade and an aging fleet underpin fundamentals + exercise of newbuilding options expanding the Handysize product and chemical tanker orderbook while leverage stays modest and undrawn revolving capacity remains substantial + Recent price target 🎯 of $22 from Jefferies + Recent price target 🎯 of $20 from Jefferies Financial Group + Recent price target 🎯 of $24 from B. Riley
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