nice sp movement from acx since it bottomed at $3.00.
the shorts are full invested and they will have trouble getting their holdings up above 20-25%
but the traders who bought at the lows in the low $3.00s may well take some profit if it finds a lot of resistance around 4.00 and so it could drop back towards 3.50 for a while before taking another run at 4.00 in the next couple of months.
nice buying volume recently.
its a good long term hold so i wouldn't be selling if i held.
i sold out my parcel that i picked up in mid 4s at 5.95 before it dropped so I'm looking for an entry point but only at a bargain so not above 3.50 sorry.
good luck to all.
ACX Price at posting:
$3.97 Sentiment: Buy Disclosure: Held