Good morning, SqueezeFinders!
Yesterday's price action took many off guard after the rate hike resulted in a full-fledged rally for the $QQQ tech index to close at 716.92 (+1.73%). The resistance level to break is 722, and the support level to hold now is 705 before potentially retesting the psychological support level at 700 again. The main directional sentiment determinants today are a mix of the below-detailed economic data releases, further developments overseas between Iran/Israel and Russia/Ukraine. 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.
🥇 Gold: \~$4,400/oz (-0.1%)
🥈 Silver: \~$66/oz (+0.1%)
🪙 Bitcoin: \~$76.4k/coin (+0.1%)
🛢️ Oil: \~$100.90/barrel (-1.0%)
Today's economic data releases are:
🇺🇸 Industrial Production (Aug) @ 9:15AM ET
🇺🇸 FOMC Member Bowman Speaks @ 9:30AM ET
🇺🇸 US Leading Index (Aug) @ 10:00AM ET
🇺🇸 U.S. Baker Hughes Oil Rig Count @ 1:00PM ET
🇺🇸 U.S. Baker Hughes Total Rig Count @ 1:00PM ET
📙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. $TEM
Squeezability Score: 45%
Juice Target: 114.2
Confidence: 🍊 🍊
Price: 80.36 (+14.85%)
Breakdown point: 73.0
Breakout point: 91.5
Mentions (30D): 2
Event/Condition: Launched an initiative to build a large multimodal whole-genome dataset pairing disease-specific genomes with longitudinal clinical outcomes to expand the AI healthcare data platform + secured up to $9.5 million in ARPA-H ADVOCATE funding to develop an autonomous cardiology AI agent, adding a non-oncology growth vector alongside existing FDA-cleared ECG tools + Piper Sandler upgraded the stock and raised its target on the pending Personalis acquisition, INTerpath-001 study support, and FDA clearance of the xT CDx test as Morgan Stanley commentary also lifted revenue optimism + Recent price target 🎯 of $80 from BTIG + Recent price target 🎯 of $76 from Piper Sandler + Recent price target 🎯 of $66 from H.C. Wainwright
5. $CVI
Squeezability Score: 38%
Juice Target: 67.0
Confidence: 🍊 🍊 🍊
Price: 54.14 (+2.05%)
Breakdown point: 45.0
Breakout point: 54.4 (continuation)
Mentions (30D): 8
Event/Condition: Updated investor presentation highlighted strategic priorities across petroleum refining, renewables, and nitrogen fertilizer as shares pushed to new 52-week highs on stronger energy-market momentum + second-quarter operations featured high crude utilization and solid adjusted EBITDA, with later consensus estimates moving from loss toward modest full-year profitability + refining-margin and commodity-price backdrop plus cash generation have supported a multi-week rally even as several firms remain cautious on valuation after the run + Recent price target 🎯 of $35 from Mizuho + Recent price target 🎯 of $33 from consensus analysts + Recent price target 🎯 of $30 from Goldman Sachs
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