"I like APLD for a trade due to its high 33% short float and recent earnings beat." Nate Bear, Lead Technical Tactician, Monument Traders Alliance This week has been like Christmas for earnings winners. On Wednesday, Microsoft and Meta crushed and we were off and running. However, those megacap beats were just the beginning. I've never seen my S.A.M. scanner so packed with setups. And one chart I really like right now is Applied Digital Corporation (APLD). APLD is a recent earnings winner with a high 33% short float. This means a there are a lot of traders were shorting APLD. Creating a "short squeeze" scenario for an even bigger move up. |
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