This blog is posted by Stock Analyzer of Super Nova Alerts
For those of you looking for a potential short squeeze play into Third Quarter Earnings then be sure to check out Thq Inc. (NASDAQ:THQI)
THQI is a leading worldwide developer and publisher of interactive entertainment software. The company develops its products for all popular game systems, personal computers, wireless devices and the Internet. Headquartered in Los Angeles County, California, THQ sells product through its global network of offices located throughout North America, Europe and Asia Pacific.
Technically speaking THQI has been forming a solid base of support at the mid to high $.60 level with current resistance points at $.82, $.86, $.90 and then a potential upside gap filler to $1.40 level. THQI has also seen an increase in buying pressure over the last three days as of January 23, 2012 and is currently just over 12 million shares short according to shortsqueeze.com. This number is just under 20% of the tradeable float, so if THQI earnings are strong then we could see a momentum increase in the short to medium term.
For more information on THQI and other moving small cap stock please visit us at Super Nova Alerts.
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Post Written By: Super Nova
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