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24/7MN – Clovis Oncology Inc. (NASDAQ: CLVS) Continues to Squeeze Higher and may be preparing to challenge 200 DMA

Clovis Oncology Inc. (NASDAQ: CLVS)

(24/7 MARKET NEWS) Clovis Oncology Inc. (NASDAQ: CLVS) remains one of the most heavily shorted stocks, with a reported 29.08% short interest ratio and 4.4 days to cover. We’ve covered Clovis, since early in this move and, despite the daily moving averages being out of whack, really like the set up and wave pattern. We hope that it doesn’t spike too much

It’s up $0.4072 (+22.62%), at $2.2072, on 8,589,379 shares, and it looks like it may have a go at its 200 day simple moving average resistance that’s just above $2.50.

We hope that it doesn’t spike too much and outrun its support, but, if it does, the meme traders and momo players could turbo charge its moves from there.

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