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| Gator's Chart of the Day: LVLT |
LVLT did trade just a few pennies above the September high of 24.84 on Monday. I think it has more upside as it has formed a cup with handle and still has plenty of buying interest. It still has nearly 6% of the float sold short which requires almost 9 days average trading to cover. (The volume is not shown correctly in the chart. It was slightly above average.)
I'll be looking to take a small position on a move above 24.90 or a larger bite on a pullback and bounce from around 23.50.
