ACCO Bullish Channel

17 Haz 2013

Sitting on the bottom rail of a multi-year bullish channel. 15% of the float is sold short, so a short squeeze could help propel this thing higher. I would enter at current levels at $6.75, with a stop on a daily close below $5.50 and a target of $13.00 creating an effective risk:reward ratio of 5:1