Chart courtesy of stockcharts

Nice close today. Technically looking at the daily chart above, we can see a positive divergence of MACD when a new low was printed on March. Prices are developing a large sideways move above the dip, which looks like an accumulation area. This stock is not particulary strong at the moment, but we could see a strong rebound due to the high short interest. With so many people shorting the stock, a little push in the wrong direction will create a massive movement. So, stay tuned on her, because I believe that it can move higher from here.

Disclaimer : Trading stocks involves risk, this information should not be viewed as trading recommendations. The charts provided here are not meant for investment purposes and only serve as technical examples.