i think markets got to rip past 1600 for this to happen SPY 160-162
27% float short about 30-33 million shares
Break and hold above 58-58.30 target 60 then move to 61 then 62.50
Currently the stock has been in a 1 month consolidation
seen here
the current avg daily volume is 2.5 million
as you can see from the chart last time we had 2 green days it followed it by 2 more green days.
past 2 days i have noticed buyers at 56 holding this and then 57 today.
big move scenario
what i want to see based on volume to suggest that we may see a 5+ million volume day and possible a $2-3$ range big 1 day move
3 minute volume pace of 50k shares for a regular 2.5-3.5 mill vol prob looking at a 20 k 3 min vol pace
5 min volume pace of 75k shares 35k
30 min candle 400-500k vol pace 200-260k
or gmcr could just keep up with the low volume move higher and put in a 3-3.5 mill volume day and creep higher $1-1.75 before a breakout. but i feel that with this being a momentum stock that it will be picked up again and get pushed past 60 in 1 day move
closing price of the options on tuesday just got it off google finance
if i see volume confirm for a possible big move tomorrow i might go in heavy on the 58s for a daytrade and
59s for a lotto and 57.50s for a swing
| 56.00 | 1.60 | +0.29 | 1.66 | 1.79 | 411 | 251 |
| 57.00 | 0.95 | +0.18 | 0.99 | 1.07 | 336 | 443 |
| 57.50 | 0.72 | +0.10 | 0.71 | 0.79 | 240 | 772 |
| 58.00 | 0.51 | +0.09 | 0.49 | 0.56 | 257 | 648 |
| 59.00 | 0.15 | -0.07 | 0.19 | 0.24 | 263 | 315 |
| 60.00 | 0.10 | -0.01 | 0.05 | 0.17 | 267 | 506 |
| 61.00 | 0.06 | 0.00 | 0.01 | 0.04 | 5 | 227 |
im long some gmcr 57.50 weekly calls.
