BOWLing for Dollars
BOWL has burned me in the recent past, but it looks like it is getting a lot of support. It just bounced off the SMA 50, and it is approaching the converging the EMAs 8, 21 and 34.
There is a high short interest in BOWL, which is what caught my attention. I bought in way too soon before I got stopped out. I will consider trying again if it can break the recent ~12.45 resistance and a MACD fast line crossover. Daily RSI is increasing, making the case for a pivot encouraging.
There is a high short interest in BOWL, which is what caught my attention. I bought in way too soon before I got stopped out. I will consider trying again if it can break the recent ~12.45 resistance and a MACD fast line crossover. Daily RSI is increasing, making the case for a pivot encouraging.
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