Shares of Saks rose more than 5% to 19.82$ after company reported a quarterly profit Wednesday morning, reversing a year-earlier loss. Looking at the chart stock gained some momentum today, shorts have been very painful this time and covers may have amplified the reaction to the upside.
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.
That's all. Have a nice evening !!!
AC
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