Monday, April 21, 2014

Monday morning

SPR Daily Chart
SPR has been moving from the lower Bollinger Band to the upper as it tries to breakout from a volatility squeeze.  That's an attractive gap above (29.95) and all it needs is some volume to trigger the move.  Earnings are May 2nd before the open and there is next to no short interest so any bad news could kill this trade.  Keep a stop just below the 50 day if choose to take it.