Aug. 1 at 11:58 PM
$CALC Two factors...(1) the regular insider buying and (2) the absence of the big habitual seller (likely has sold out) who had pushed CALC into the 1s....
together these factors supported CALC zooming to the 4s, pushing the RSI to the high 80s. If you check my posts here, my guess was it would hit the 4s before pausing. But as my friend BB noted, there had to be a pullback when you get that overbought. You rarely see a stock have an RSI as high as CALC's got, and virtually never see one where the stock doesn't pullback strongly.
The good news is that this deep pullback has brought the RSI down quickly all the way to 52. This gives the stock plenty of room now to make another leg up.
Plus, just as the insider buying propelled it and we even saw some insider buying at 3.77/share last week.....that support will come back into play, IMO. So, I think the probability of a jolt back up in short order is highly likely. There are also some strong catalysts just several months away now. JMO
