Avis $CAR ripped 500% in five weeks. The market's been scanning for the next short-heavy name with the same fuel: a crowded short book, high days to cover, and a chart pressed against resistance.
Today's standout has all the right ingredients:
Groupon Inc $GRPN is currently exhibiting a Long-Term Squeeze Score of 87.4.
Here’s what the chart looks like:
Groupon is carving out a long-term trend reversal, with price now pressing directly against a key polarity level near 19.
This level also represents the VWAPs anchored to the recent pivot thighs. A move above puts bulls firmly back in control.
Volatility on the Weekly Strazza Indicator has compressed into a tight range, signaling a major momentum reset as the stock approaches its breakout point.
With 60% of the float sold short and an 8 days to cover ratio, a breakout above this level could ignite a powerful squeeze higher.
