Claytrader try charting low 52mil float SGY best way to trade Crude last 8 day run $1.26-$3.7 196% vs 65% for 3x Bleeding UWTI. SGY had whopping 88.9% retrace to $1.53 now its still in the station loading at $1.67 tonight. This is a float lockdown push the volume play. Last run high vol day was approx 9 mil this next run shooting for about 15 mil volume buying spike. 25% owned by institutions and hedge funds and about the same % of the float is shorted. Can we say squeeze.
The next two charts show the long term potential. SGY tracks the price of crude better than any other energy stock.
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