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GDRX Put/Call Volume Ratio 0.27 means there are more bulls than bears.
Without knowing the fundamentals, I would say it's oversold in the short term, just bounced off the .618 fib @ 32.18. I would place a buy order, stop 31, sell limit 38.
Alternatively if your bullish on the stock, you can write next weeks put @ 29 for accumulation, conversely, if you own the stock, sell a covered call next week @ 39 if there's any premium.
GDRX Put/Call Volume Ratio 0.27 means there are more bulls than bears.
Without knowing the fundamentals, I would say it's oversold in the short term, just bounced off the .618 fib @ 32.18. I would place a buy order, stop 31, sell limit 38.
Alternatively if your bullish on the stock, you can write next weeks put @ 29 for accumulation, conversely, if you own the stock, sell a covered call next week @ 39 if there's any premium.
How do I find out if short sellers are driving a stock down? What data should I be looking at? I have an account with online brokerage.