Polar Power Inc (POLA)

[wadirum1]

I think that today is the lockup expiration.

Now, why that would be a positive, I have no idea.

POLA does have about 1 week's volume worth of shorts. Perhaps some were hoping to buy back with previously locked up shares hitting the market? Seeing the price go up instead must be a bit dismaying to folks who are short.

Or perhaps the new director is buying some on the open market?

Or perhaps they are getting some tasty orders and word is leaking out?

But from a TECHNICAL standpoint, what happened this morning is that POLA broke through its 200-day MA and has retraced a bit to its upper bollinger. And perhaps more importantly, it has put in a higher low and a higher high. And now the 50-day MA is heading up to the 200-day MA to form a golden cross. I really the chart is looking OUTSTANDING.