Potential Short-Covering Rally Trades – $BBY $FET $PZZA

By | April 27, 2018

Shares of Best Buy (BBY), Forum Energy Technologies (FET), and Papa Johns (PZZA) have been consolidating in tight patterns recently, and are retesting pattern resistance levels. Price momentum and money flow indications have been improving on both the daily and weekly time frames.

Short interest in these stocks is high and breakouts could initiate short-covering rallies.

The daily charts below are annotated with support and resistance levels and quick commentary.

(Be aware of when these companies report earnings that will affect how they trade.)

Forum Energy Technologies: (FET)

Papa Johns (PZZA):

Best Buy (BBY):

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