Clover Health's Stock Busts Through Resistance
Portfolio Pulse from Melanie Schaffer
Clover Health's stock surged over 21% on Wednesday, breaking through resistance levels, driven by bullish options trading and technical indicators. The stock has been heavily shorted and is expected to rebound further with upcoming earnings on May 17.
April 28, 2021 | 8:50 pm
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Clover Health's stock experienced a significant rise, breaking through resistance levels due to bullish options trading and technical indicators. The stock is expected to continue its upward trend, especially with upcoming earnings on May 17.
Clover Health's stock has been heavily shorted, but recent bullish options trading and technical indicators suggest a rebound. The stock broke through resistance levels, and with earnings approaching, further gains are anticipated. The high volume of call options indicates strong institutional interest, suggesting a positive short-term outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100