Below is an analysis of the stock price action for Revlon (REV). You can find a recap table at the end of the page. The content on this page is not financial advice, but is for educational purposes only and merely cites our own personal opinions. You can find the full disclaimer here.
Revlon (REV)
REV saw an enormous short squeeze today after being in a recent down trend. It had a strong momentum run to the upside a few weeks ago, that most likely gather a lot of short positions which ultimately probably got squeezed today. It made a monster move from basically 4.25 to 9.9 today with some clear squeeze levels at 5.00, 6.00, and 7.75. It closed strong above VWAP and is seeing decent action in the extended hours so it is likely to see more elevated trading tomorrow. Whether it continues it up trend and makes a retracement is dependent on how it holds in the extended hours and on the open tomorrow. Key break out level would most likely be the 9.40 level and the key break down level would be 7.75.
Recap
| REV |
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| Shares: 50-100milIndustry: Personal ProductsCatalyst: TechnicalATR: 1.00 - 3.00Time Frame: 1 MinuteShort SqueezeBreakout Level: 9.4Resistance: 8.85Support: 8.3Breakdown Level: 7.75 |