But take a closer look at the price action and you will find that BBRY has been working itself back up since the positive engulfing hammer candle it printed on 12/10/2013. The recent pullback breakout is set up by the double bottom price pattern which bought the price to the present level near the 11.80 resistance. If BBRY breaks above this resistance and move toward filling the 6/17/2013 price gap, a short squeeze could appear to force those holdout shorts to cover.
BBRY
(click on the chart to enlarge)
Disclosure: Long BBRY.
